AtkinsRéalis Group Inc. (ATRL.TO)

He likes it. They guided down but he thinks the intrinsic value related to the 407 and an activist investor will both benefit them. At some point you will see SNC monetize their investment in the 407 and unlock value in it. He thinks the stock is worth closer to $70.

There were real concerns about the bribery scandal, but the company consists of hundreds of well qualified engineers diversified globally. They are into the big projects that everybody is talking about. Well run. Just before the oil/gas sector when into the tank, they acquired a company that was heavily involved in that area, and he sees that whole sector turning around and being much more profitable. The stock is down 10%, so it is a buying opportunity. Dividend yield of 2.01%.

This is a company that is going to be active in infrastructure everywhere. Fiscal stimulus will be good for them. One of the drags on the stock over the last few years has been a slowdown in new mines, etc. It is behaving very well relative to the market.

(Top Pick Jul 6/15, Up 34.87%) The ethics scandal has been working itself through. Business continues to come. They did not lose any business because of it. Now Trudeau is spending tax payer money on infrastructure, which benefits SNC-T.

She is not a fan of this company. They have operating problems, however there is value in the stock because of the ownership of the infrastructure asset, which just reported numbers and the traffic was higher.

Have done a great job in turning this around. Has started to look at this again to see if there’s something here. Valuation wise it is not super expensive. If the Canadian and global infrastructure projects come back, especially on the energy side, this company could come back to the fore again.

People hated this, because previous management got into trouble with questionable, ethical things they did. People are starting to warm up to it now. Current management is fabulous and business is rolling in. He likes it, especially now, because it will be one of the main beneficiaries of the Trudeau government increasing infrastructure spending. They are also a highly on un-leveraged company, and will be making some acquisitions. Dividend yield of 2.02%.

If you see a revival in commodity prices then definitely keep it. He did own it and sold in 2013 and did not see most of this recovery. They have done an amazing job. 43% of revenue is oil and gas related. 19% is government spending.

(Market Call Minute.) Kind of the middle of the pack on all his metrics. There is this perpetual potential sale, and then there are all these perpetual issues with the past dealings on contract and fraud, etc.

Would stay away from this. There is some good value in the company, but when you have the RCMP coming in the door and collecting records, he is uncomfortable with that.

(Top Pick Mar 20/15, Up 17.53%) It was controversial when he bought it. It s a quality company. The fraud did not affect the future of the company and they have restored their profitability. The balance sheet is improving.

They went through some headaches. They turned over a new leaf. They produce very strong earnings with operations globally and a strong presence in North America. Low $50s is a good entry point. A good place to nibble.

Thinks there is another 10% or so and sees it getting into the low $50 area. Winning a lot of contracts. If they sold Highway 407, they would get around $20-$22 in cash. He could see them paying a $5 one-time special dividend if that happened. If you crystallize a full 3^rd of the current price, you have a very much below average valuation on the E&C business. They will definitely be a beneficiary of any infrastructure stimulus spending by the federal government.

This stock has gone through quite a long consolidation and bottoming process, and has turned and made very nice new highs recently. There is a bit of a bid for infrastructure companies right now as there is a view that there may be additional fiscal stimulus in the Canadian market. This one is quite interesting.

Came out with some very good earnings. They have the highway #407 which could be liquidated, and maybe a special dividend for shareholders. Backlog is still quite good. The Canadian government is talking about putting money into shovel ready projects. Facing a preliminary hearing in 2018 over bribery allegations, but is a problem that has already been contained. Dividend yield of 2.23%.