BUY HOLD SELL - DOW
Downer EDI (DOW) is an integrated services company that designs, builds and sustains assets, infrastructure and facilities for customers in Australia and New Zealand.
The business operates across, transport, technology, communications and utility services, rail, mining, and engineering, construction and maintenance.
DOW’s recent fortunes have been tied to the infrastructure boom, particularly on the east coast of Australia, which has been driven by population growth. The company has typically been lumped in as a construction contractor but 80% of its earnings now come from urban-related services including road-maintenance, utility projects and health services, whilst 20% comes from mining resources.
The argument for focusing on urban...Continue Reading