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
(His 3 picks include one each from industrials, gold and oil.) Found support around $14-$15 and has been trading at this level since January, building a base. Breakout level would be about $17. Once it get past that, it had upside potential of $25.
COMMENT
In the infrastructure group he looks at Aecon Group (ARE-T) SNC Lavalin (SNC-T) and Stantec (STN-T). From a valuation point of view, he prefers Stantec. Not selling at a bad multiple. Earnings were $1.15 last year and could be as much as $1.75 in 2 years. You're paying a fairly substantial multiple of book relative to Stantc. Trading at almost 3.5X BV.
COMMENT
Infrastructure business is going to get hammered as the North American economy slows down. Well thought of company. There were concerns on individual contracts. Doesn't know what to recommend.
BUY
Infrastructure has been ignored for too long and governments are starting to address this issue. A lot of money will be thrown at it over the next number of years. Companies that can be looked at would include SNC Lavalin (SNC-T), Aecon (ARE-T) and on a global basis Royal Boskalis on the Amsterdam exchange.
COMMENT
Long-term outlook is very strong. Have a very large backlog of business. Prefers Bird Construction (BDT.UN-T)
BUY
One of two major construction companies (SNC Lavalin SNC-T) in Canada.
DON'T BUY
This kind of stock used to trade at 3 to 5 times earnings. Now they are at 15X or more. He feels this is a bit too expensive.
PAST TOP PICK
(A Top Pick Dec 14/07. Down 23%.) Briefly traded higher. The industry group is holding up on a relative strength basis. Currently in a holding pattern. Coming out with earnings in May 7th and will look at it at that time.
BUY
An infrastructure company so he likes it very much. Long-term trend is clearly on the upside. Has recently formed a nice base pattern at around $15 as well as an intermediate upward trend. Very strong earnings picture.
BUY
An infrastructure development company. Is valued at a reasonable fashion.
BUY
Likes as the infrastructure theme, especially out West, is a big, big winner.
HOLD
These guys are good. Thinks there might be better opportunities in some of the other REITs. Expect it to move up in the short-term. A lot of speculation on when Highway 417 is going to be sold. Have a large amount of institutional business. Thinks the current price is safe.
DON'T BUY
An infrastructure play and the company will do well. The stock cannot do as well because the multiple has risen to full valuation. He owns the bonds.
TOP PICK
Infrastructure play with emphasis in Alberta on the oil sands side. Chart shows good consolidation followed by rises. It may consolidate here but longer-term it looks quite exciting. Also has good fundamental background.
TOP PICK
(A Top Pick June 26/07. Up 59.1%.) A name you can put away and not worry about currency or US economy. Lack of infrastructure over the last 10 years is a strong undercurrent for this company. Margins look very strong.
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