Consorcio Aristos' 2Q Results Show Continued Expansion; Shares Overvalued
Consorcio Aristos posted a 19% increase in the second quarter compared with last year but saw erosion on the bottom line, mainly due to the company’s new method of reporting depreciation. We believe the company exhibits modest competitive advantages thanks to its unique approach to cost management and its ability to consistently win government projects. We continue to emphasize the high uncertainty rating for the company. The contractual nature of Consorcio Aristos’ business results in lumpy rev...
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