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
HOLD
Construction engineering company. Involved in a lot of construction around Toronto and highways as well as having concessions in Ecuador and Israel. Big driver currently is the stimulus program in Canada. Could be a bit of a correction in the next few months.
BUY
(Market Call Minute.) Plays all the Junior E&C’s in Canada. Big beneficiary of Ontario road and infrastructure spending. Also oil sands coming back is a positive.
DON'T BUY
Largest infrastructure company in Canada as well as being a large road builder. Missed their estimates in the last quarter so it is in the penalty box. Next report is at the end of October. Long-term it will be fine but over the short term, there are more interesting names. Would prefer SNC-Lavalin (SNC-T) or Stantec (STN-T).
BUY
Likes it and likes this entry point. Announcing contracts all over the place. They are going to have higher earnings over next 3-4 years.
BUY
Infrastructure involved in bridges, roads, etc. Should be a beneficiary of infrastructure money that is being thrown around. (A caveat. With declining government income, money may not be available, as everybody had hoped.) (See Top Picks.)
HOLD
Construction company and haven't done too badly. Haven't really seen some of the stimulus dollars flowing yet even though there has been a lot of talk. Recent political uncertainty in Ecuador where the law could be changing and the profit could be lower. Hold until you see the benefits of the new projects coming in.
TOP PICK
$23 18 months ago and you can now buy at around $11 for an earnings stream that is growing at around 10%. Made an acquisition that had a huge backlog in the oil sands area.
BUY
Will benefit from infrastructure plays, especially in the 4th quarter. A 2nd half story with cash flow showing up next year.
BUY
Positive on the infrastructure sector in general. Stock bottomed a couple of times in October and November and by March was substantially higher than the lows. He would prefer SNC Lavelin (SNC-T) because of its diversity and global outlook. (See Top Picks.)
BUY
Good story and he really likes it here. Infrastructure money hasn't been spent yet. With their recent acquisition, they are now very big in the oil sands business.
BUY
Stock has been performing pretty well over the last several months. Have a pretty good backlog of business. Participating nicely in this rally.
BUY
(Market Call Minute.) Decent company. Some management changes but the direction for the company going forward is excellent.
DON'T BUY
Infrastructure play. Federal governments globally are spending lots of money on infrastructure. In the near term, how much do you pay for infrastructure in a world where industrial spending is way down? Have projects levered to power plants and oil sands, which are not going to bounce very quickly. Earnings estimates are flat. If interested, follow backlog reports and if this grows you know there is momentum.
BUY
Good play on infrastructure. Anything dealing with civil engineering such as roads, bridges, abutments, etc. Enthusiasm on infrastructure may be a little overdone at the moment.
TOP PICK
Just acquired Lockerbie & Hole (LH-T). There is just so much going on in the infrastructure build group that these guys are going to be well positioned. Met all their expectations and are one of the few companies that increased their guidance. Trading 3X operating cash flow.
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