AtkinsRéalis Group Inc. (ATRL.TO)

This has been a lower yielder historically. Did some acquisitions recently that will probably be good for them over time. This is a tough business. It is really project-based. They continue to increase their dividend slowly. Whenever you get a steadily increasing dividend, you get an opportunity with a large pullback to get a good yield.

The period of seasonal strength is from the beginning of October to the second week in January. We are forming a nice little base, are in a trading range and there is a good chance it will break out.

Sell SNC Lavalin (SNC-T) or WSP Global (WSP-T)? He would keep this one, simply because the value of the calculation of its 16% stake in the #407. The owners can raise the fees and there is still a 20% capacity. Plus, the government is building the eastern extension, which will be more traffic into the privatized bit.

Your choice of infrastructure stocks? He likes Stantec (STN-T) (See Past Picks) and this one. They are both basically waiting for governments to stop just talking about infrastructure and actually putting money towards it.

A great name for exposure to infrastructure spending, which seems to be going on in every country globally. The concerns over the bribery, etc. is largely behind them. They could gain meaningfully out of some of the contracts going forward on infrastructure spending. He prefers Brookfield Infrastructure Partners (BIP.UN-T)

(A Top Pick October 7/16. Up 6%.) He still likes this though it is more volatile than what he likes at times. It’s in a segment of the market he believes is going to benefit from various stimulation programs. Well positioned to take advantage of any general expansion. Thought they would get crossed off the list for Government contracts. The industry is notorious for money under the table activity, particularly if you are in Third World projects.

It has the 407 and with the recent pullback it is cheaper than its comparable. Without the 407 it is 12 times earnings. It has a 2% yield. (Analysts’ target: $68.00).

It falls right in the middle of the pack. Price momentum has been all over the map. There are rumours about spinning out a division now and then. The balance sheet is fine and it has a yield.

Thinks this is a sleeper. It sort of got through its bribery problems. The kind of stock that should do well in a growth environment. There was a lot of hope that the US Trump expansion was going to get into place. It hasn’t, but there is probably still good opportunity in the future. Dividend yield of 2%. (Analysts’ price target is $68.)

(A Top Pick July 7/17. Down 7.02%.) If you look back to the bribery scandal, the stock didn’t really do too much. Oil and gas is still a drag, but it is for most companies that have energy exposure. That will correct itself over time.

Stantec has been literally going sideways for the last 3 years. This one is really hanging around the same valuation. He has a model price of $46, so it is overpriced by 15%.

He likes construction and engineering. If you want a Canadian name in that sector, this is one that you could take a look at, although he doesn’t necessarily want Canadian exposure. Be a little careful on this.

They had a troubled few years. They have not completely emerged from this. They have not settled and so a lot of investors cannot own the name. He would revisit it on a pull back. It is a name that people want to own going forward.

Has just completed the acquisition of Atkins, which will improve global operations. Globally we are starting to see a truckload of infrastructure projects being announced. The stock hasn’t done much since it emerged from the corruption scandal in early 2016. With the acquisition, we should see this move higher over time. Dividend yield of 1.9%. (Analysts’ price target is $68.)

Has had a bit of a sordid past over the years, and he thinks that is all behind them. They recently had a real decent quarter. There are some great tailwinds fundamentally and technically. Dividend yield of 2%. (Analysts price target is $66.)