Dycom Industries: Price Dip Opens Door For Investors With Longer Horizons

Prapat Aowsakorn/iStock via Getty Images Investment thesis On Wednesday, August 21st, Dycom Industries, Inc. (NYSE:DY) announced second quarter revenue and earnings that beat both top and bottom-line estimates. It also announced a major acquisition. However, quite a few investors sold their shares that day, pushing the price down 7.55% on the 21st and another 2.14% on the 22nd: 10 186 190 166 175 170 DY 5-day price chart (Seeking Alpha) Are these declines a signal that the price has started tumbling, or is ...