David CockfieldAtkinsRéalis Group Inc.ATRL.TOCOMMENTOct 10, 2014

Doesn't agree that AI is going to ruin construction businesses. The design portion of projects may be streamlined through AI, such as accelerating gathering data, but the fundamental narrative doesn't change. The Build Canada projects must be good for construction companies.

Not a sector he'd play, but it's OK at these levels.

Tremendous run, and now some engineering firms are under pressure. A laggard. You want to own things people really care about, and he's been very selective and carving out underperformers.

Midterm election years tend to have weakness in June, July, August. We'll see. Market breadth is not ideal right now. Look for better opportunities. 

All engineering firms are down over 20%. They are perceived to be pressured by AI taking over their business. ATRL has ouperforned the others, because they have nuclear exposure and growth.

Very strong portfolio of engineering and design and consulting. Plays into infrastructure, energy, and environment. Focus on nuclear will be important, with 15% of revenue coming from there. If Hwy 407 were sold at a good price, would be a catalyst to create value (but he wouldn't buy something just because there might be a deal down the road). Yield is 0.1%.

It is an uptrend but he recently sold two weeks ago because it was overbought and there may be a pullback. It is fine for the longer term investor.

They changed their name, improved productivity and cash flow. They trade at a discount to the group. They have a major nuclear plant projects and many engineering projects in China. People are considering nuclear positively again that will benefit ATRL.

Has sold shares. Didn't earn enough returns. Sold at $50. Chart not looking good. 

He bought it in the 20's. IT is still trading at a reasonable price/growth so it is a good opportunity to buy.

It is going through a turn around recently and de-leveraging the balance sheets. Nuclear energy reactors is a pretty exciting part of the business. He prefers WSP with its M&A activity and design component.

A lot of action's already happened on this stock. He bought on the breakout, and now there's consolidation. Chart's looking positive, likes the formation, though you may have to live through a bit more consolidation. Yield is 0.1%.

Strong performer over the year. Execution should continue. Got rid of legacy contracts. Strong in civil engineering and nuclear. Could see large growth from nuclear especially, if projects continue to be built.

Strength in stock price lately. Highly ranked in technical analysis. Owns shares in company, and would recommend buying. Sector out performing with increase in infrastructure spending. 

He's done 2 legs so far. That's how you should approach a stock, not all in all at once. In an uptrend, resistance coming up. Generally, you don't argue with an uptrend.

Currently in "up trend". Consolidating higher. Large swings good for investors. Will continue to own, and buy more. 

Well diversified geographically in Canada and beyond and in end markets. Strong balance sheet, but profits are below the market average. (Will change company name and ticker.)