AtkinsRéalis Group Inc. (ATRL.TO)

Still negotiating with the government to see the size of fines they might pay for past transgressions. Recently made a sale of over $3 billion, much more than people expected, which would easily cover any sort of fine. Have gotten their hands around management to straighten out procedures, and if anything, they are going to try to be cleaner than anyone else. Thinks this will stand them well. On a multiple basis, they stack up pretty well against competition. This is certainly one that he would look at today.

Sold her holdings because of the corruption scandals. Had a nice lift in the last week because they sold AltaLink to Warren Buffett. Now they have to do something with that money and reinvest in the business, which may take a while. She does like infrastructure build and there are a lot of energy projects out there globally. (See Top Picks.)

They are selling a non-core business to Warren Buffet and this has forced the price up. Now that they are monetizing some assets there is good value to be had here. He can’t see it going much above $60, however.

Bought after the bad news because it was a Canadian, world class company.

Still a turnaround story which is not her forte. She prefers growth stories. She is happy to trade it so if there is a horrible day, and it is down $2-$3, she would be happy buying it. She is comfortable management will turn the company around, but that could take 3 years.

(Market Call Minute.) Likes this very, very much. Headlines are still possibly negative. It’s all old stuff and new projects are coming. New management and everything going forward is positive.

(Top Pick Feb 27/13, Up 3.37%) Still thinks this is a good company. Some of the old dirt has come back into play, but it is all history as far as he can see. A super company in the world for international projects. Good completers of projects. Market is not factoring in some of the assets and it is still a good growth story. Continue to do good business. Are writing up new contracts. Concerns about scandals are overdone. They have a portfolio of existing assets that could be sold.

Great company. Besides their difficulties, they’ve had great revenues. Backlog has dropped from about $10 billion to about $9 billion. One of the great Canadian companies, but far too expensive for him to be interested in.

(A Top Pick Jan 25/13. Up 9.64%.) Still likes the stock and has added to it recently. He sees the world expanding in terms of big projects and this company has solved their internal problems. This company has 1,000 well-qualified engineers operating in a number of fields. International.

World-class organization. Their problems have happened in the past to other companies which they tend to grind through for a couple of years, put it behind them and move forward. We are close to a 2-year high at this time, so if you own, consider taking some profits. Would be adding on any pullbacks, since the runway is much clearer now.

(A Top Pick Dec 20/12. Up 23.5%.) Sold his holdings because he thought it had recovered from being greatly undervalued.

Going through massive problems and issues. New CEO and they are trying to get themselves back on track. Major global player in infrastructure. A dual-class share company which doesn’t meet his criteria. Feels there are many better companies out there.

There is still the announcement of the fine that they will have to pay for their bad dealings. If the stock sells off on that then it is a buying opportunity. He continues to like it and thinks the worst is over.

(A Top Pick Jan 9/13. Up 13.23%.) There was so much bad news on this company at that time, but the stock rarely fell below $39 in the last year. They are now securing financing to take over some oil/gas play.

On the sidelines with this and has been for quite some time. Brought in new management and high level compliance people and are going through all the motions that they need to go through to fix the company. Didn’t have a lot of issues in the US and that might start to improve. This will be a long-term turnaround and a “show me” story.