Armtec Infrastructure (ARF.TO)

Has performed well. Good growth pattern. Recently the Government of Ontario has released a paper showing it should be spending another quarter billion dollars to build new highways and infrastructures. This should benefit this company.

In the infrastructure industry. Basically manufacture steel, aluminum and polyethylene plastic pipe for a drainage system. Canada has had a significant amount of money delegated to improve infrastructure. This company is a leading player.

A play on Canadian Infrastructure. Recent study showed Canada had $100 billion deficit in infrastructure. This company’s products include drainage systems and they produce steel and polyethylene products for bridges. Has 50% market share in Canada. Payout ratio is about 62%. Has increased distributions many times.

This is a play on infrastructure in Canada. A study indicated a $30 billion deficit of infrastructure in Ontario and $60 billion for all of Canada. They produce steel, corrugated steel, pipes, draining systems, etc. Payout ratio of about 62/63%.

An infrastucture materials manufacturer. Resin is a big part of their cost equation and they have been able to pass through the majority of their costs. In a niche area and has a lot of market share.

A good example of a name that has recently come into the trust sector and because it is small and new, tends to be under owned and doesn't have much research coverage. This is an area that you can find some real value in the market. Studies are saying that water/drainage and piping systems are in pretty poor repair. They have a leading position in this business.

Took a look at it but didn't buy. Feels it will be very economically cyclical. Substantial risk.