Dycom Industries, Inc. (DY): A Bear Case Theory

We came across a bearish thesis on Dycom Industries, Inc. on Valueinvestorsclub.com by Coffee capital. In this article, we will summarize the bulls’ thesis on DY. Dycom Industries, Inc.'s share was trading at $340.02 as of December 17th. DY’s trailing and forward P/E were 34.21 and 29.94  respectively according to Yahoo Finance. ESB Professional/Shutterstock.com Dycom Industries is a highly cyclical construction company heavily reliant on telecom wireline capex, currently trading at peak multiples that ...