Buy - Price 13.37 on June 2
by Pritchard Capital

Oil-service firm MTZ announced [a] public offering of senior convertible notes and common stock offering for acquisition-related selling shareholders…[with] pricing of $100 million [and] an additional $15 million…senior-convertible notes due '14. The notes will pay 4% interest rate and come with a conversion price of approximately $15.76 a share…The offering's proceeds will be used to redeem at par the existing $55 million convertible notes, for working capital, possible acquisitions of assets and general corporate purposes.…[L]owvaluations might [create opportunities] for MTZ to make an acquisition. Based on a P/E of 15 times and projected 2009 [earnings per share] of $1.10, we maintain a Buy rating and 16 target. Market cap: $1 billion.

Herzfeld's fund also holds shares of Watsco (WSO), a Florida air-conditioning distributor; Norfolk Southern (NSC), which connects to the now privately held Florida East Coast Rail Road at Jacksonville; and MasTec (MTZ), a Florida-based infrastructure company founded by prominent Cuban-American Jorge Mas Canosa.

Windmills are going to do nothing but sell, Obama constuction and infrastucture

Outperform - Price 11.75 on Jan. 6
by Friedman Billings Ramsey Capital Markets

We expect meaningful growth from MasTec [an end-to-end telecommunications and energy-infrastructure service provider] in 2009 as the company benefits from a 15-month diversification strategy -- which, most recently, includes the acquisition of Wanzek, a specialty/general contractor focused on power generation (wind, gas), industrial, and heavy civil (roads/bridges). The Wanzek acquisition closed in late December and, we estimate, will add between $425 million and $450 million to revenue in 2009. On a pro forma basis, going into 2009, MasTec's mix of revenue is now more attractive, with approximately 50% utility, 25% [digital-TV], 20% telecom (wireless and wireline), and 5% government (water/wastewater). We're raising our target to 18 (from 17), 15 times our 2009 EPS estimate, or one times its longer-term EPS growth rate of 15%. Market cap: $845 million.

From a recent Mad Money show:"I want to reload and buy MTZ. This is the ultimate Obama play; you stick with it."

wind

MasTec (MTZ), down 1.6%. Cramer said the poor performance of the Wind-ex stocks has nothing to do with the wind power business, but rather with the industrial components of all of the companies. He reminded viewers that as wind power accounts for larger portions of their earnings, the other divisions will account for less. He views the current weakness in the stocks as a valid pullback and a buying opportunity.

SPECULATIVE
IN 10 OUT 12
BETA 1.8
EPS 0 PEG .9

Cramer said both MasTec (MTZ) and Thomas & Betts are the best companies for the wind power infrastructure needed to bring power from the mill to the grid.

speculative play on Cuba