TSE:ARE

Aecon Group Inc (ARE.TO)

52.95
-0.03 (0.06%)
as of Nov 6, 2026, 9:00:00 pm Market Closed.
426 watching
0
COMMENT
Industrial space should do well where things are getting a bit healthier. Technically, it had the golden cross back in December where the 50 day moving average crossed the 200 day moving average. Also, stock price moved above the 200 day long-term trend in October. Very choppy company.
PAST TOP PICK
(A Top Pick Dec 7/10 Up 17.41%.) Got out of most of his holdings but is still holding convertible debentures. Have been winning and signing lots of contracts in the oil sands. Stock may have gotten a little ahead of itself.
DON'T BUY
Construction/production business. They were penalized on the fixed rate contract for Firebag 3, which cost them a lot of money. Good management. Recently sold his stocks but owns their debentures. Prefers Flint Energy Services (FES-T). This one trades at 1.4X Book and pays a $.20 dividend and is trying to get back on the green side on their balance sheet, but suspects the easy money has been made.
BUY
Have had some changes in management and have been making some good improvements in their operations. Have realigned some of their operations. Industrial side has not been doing too well but they work they do in infrastructure as being good or better than expected. Good price. (See Top Picks.)
PAST TOP PICK
(A Top Pick Dec 7/10. Up 7.61%.) Winning good contracts.
BUY
(He owns the convertible debentures on this.) He likes it as a debt holder as they have a very good balance sheet. Had a real misstep in Alberta and went through a lot of cost overruns. Management has now cleaned up their bidding process and they have a full order book. Expect there will be some outperformance over the next 3-4 years.
COMMENT
Every time they get a contract, it seems that the stock drops? The reason is that when they get a contract, the stock temporarily goes up and investors who own use that as an advantage to sell. They have also had some very poor years in the past, which doesn't help.
BUY
Have had some problems over the last few years but recently had a few positive announcements. There have been improvements in operations and some new contracts.
BUY ON WEAKNESS
Haddock acquired a company that had a pretty low margin business. Started to get better and get out of the low margin businesses. Traditionally very conservatively run. At this point you have to look at economic growth and how much it could help or hurt.
COMMENT
Up 47% since their October low. Has been a tough story for a long time. He avoided this because it has disappointed so many times. It may be that they have finally got everything aligned. Seem to be getting new contracts with some margin improvement.
COMMENT
Just reported and profit was up 85% compared to last year. Have a growing backlog. Dividend is safe. (See Top Picks.)
COMMENT
Has to be a lot of spending on infrastructure and this company will get its fair share but governments are reining in their spending, so is now the time to buy construction company. Fairly small and will bounce around a lot.
DON'T BUY
Feels there are some good things going on in this company. Have made some shifts in management to address their problems. Expect they would do better going forward. Has a ways to go to prove itself with investors again. 2% yield.
BUY
They are starting to get through their older contracts with lower margins. They are really well positioned out west and getting a lot of business in Ontario. Could easily trade into the low teens. Pushing through the old unprofitable contracts.
BUY
Positive fundamentals have a positive impact on the stock. It broke the downward trend line and went through a resistance level. It is the season for this sector right now. $10.50 and $12 are resistance levels.
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