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
TOP PICK
All the contracts are now being signed and putting them together you get a growing infrastructure play, which isn't so dependent on the economy. Trading at 12X next years earnings.
PAST TOP PICK
(A Top Pick Feb 2/09. Up 50.24%.) Undervalued at 4-5 times cash flow and is a great growth story. Key player in infrastructure projects. Still a Buy.
DON'T BUY
Convertible debentures. Does not recommend these. Yield to maturity is very low at just over 5% and these are non-investment grade securities. Yield on the underlying unit is about 1.2%.
BUY ON WEAKNESS
Done well lately within the infrastructure group. Announced a number of contracts. He owns Stantec because it only does the engineering, diversified throughout North America. But Aecon is a well managed company, a little expensive and could be bought during a pull back.
BUY ON WEAKNESS
Had a big pop on the announcement by Suncor (SU-T) of starting up of Firebag #3 and #4 which will be done by their acquisition earlier this year.
TOP PICK
It is the new SNC. Emerging as one of the leading Canadian construction companies. It has a record backlog. It’s bidding on an unprecedented level of infrastructure and oil sands contracts. It looks very cheap. Wants to own this for many years.
PAST TOP PICK
(A Top Pick Nov 20/08. Up 150%.) Cheap at 5X operating cash flow. Infrastructure projects are key. Acquired Lockerbie & Hole at the bottom of the oil hole was great. Well positioned.
BUY
Signed a new contract sooner and larger than expected, which is why people are excited. Ranks 209. Not keen near term because recent earnings were down 22% and coming quarter is supposed to be down 25%. However earnings growth for 2010 is expected to be 23% against a 14 PE, which is attractive.
STRONG BUY
A major Canadian company in heavy construction, which has been a very good sector over the last 6-7 years. Has broken out of its base in the $13 range and is now off to the races.
WATCH
Fell through support on the 50-day level but then managed to rally above it. Stock could be on the verge of a breakout and if it goes above $13 double your position. Use a stop-loss of $10.80.
BUY
This is his favourite infrastructure play. Well capitalized and are continuing to win a lot of contracts. With their recent acquisition they are now a national player.
BUY
Likes it because it’s infrastructure and engineering services. Nice play on infrastructure.
PAST TOP PICK
(Top Pick Nov 20/08, Up 115.8%) Still holds it.
COMMENT
A number of the infrastructure stocks have reacted to the improving economy and the prospect of more infrastructure build out. Well managed and well capitalized. His Top Pick he feels has more growth potential over the next few years.
PAST TOP PICK
(Top Pick Nov 20/08, Up 107%) Management says next year is going to be one of their best years yet. No one is better positioned for infrastructure projects. Badly beaten up last year. Preferred over SNC
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