Great analysis! I think the thesis is intact, with more growth capex, there will be more operating leverage and more market share gaining. Sadly, I discovered the problem in this quarter 2-3 hours before earnings releases because Desmond talked about the project delays in an interview. They said that the project that might start 40-50 days before, are starting right now so next quarter should be a normal quarter.
Mgmt team not giving more infos on this quarter is crazy
Wait for an interview 😂 Desmond usually do a lot of interviews.
This analysis of Enterprise is still intact and it includes a 1 hr 28 min video interview with Des O'Kell (president of Enterprise) https://rockandturner.substack.com/p/enterprise-group-the-soaring-eagle
One quarter is just white noise. The big picture looks great.
Great analysis! I think the thesis is intact, with more growth capex, there will be more operating leverage and more market share gaining. Sadly, I discovered the problem in this quarter 2-3 hours before earnings releases because Desmond talked about the project delays in an interview. They said that the project that might start 40-50 days before, are starting right now so next quarter should be a normal quarter.