When NIA first suggested Sterling Infrastructure (STRL) on August 28, 2017, at $10.25 per share, we suggested STRL as a Hurricane Harvey play for transportation infrastructure reconstruction. STRL gained by 83.6% within two months of NIA's suggestion!
At the time of NIA's suggestion of STRL it had an enterprise value of 0.418X revenue.
NIA didn't expect there to be a nationwide U.S. infrastructure boom until November 28, 2021, when NIA suggested Daktronics (DAKT) at $4.77 per share. DAKT had an enterprise value of 0.302X revenue. We considered reprofiling STRL on November 28, 2021, but it had already increased to an enterprise value of 0.746X revenue.
Today, STRL has an enterprise value of 1.363X revenue vs. DAKT's enterprise value of only 0.463X revenue.
Both STRL and DAKT reported record revenue last quarter.
STRL's revenue grew by 13.1% to $522.3 million.
DAKT's revenue grew by 29.4% to $209.9 million.
DAKT has room for significant multiple expansion!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
