AtkinsRéalis Group Inc. (ATRL.TO)

The company still can’t tell you where all the money went, which is shocking so he wouldn’t invest in this company. Also, the Québec government has made it a political football now.

(A Top Pick Sept 14/11. Down 26.5%.) Sold her holdings at about $36.50. Stock has been in the penalty box. Has a new CEO starting in October. The Street is going to want to see what his plan and strategy is for the company. Recently reported disappointing earnings.

Had that horrific decline from issues in third world countries. They have to get over that. Global leader in engineering space. Somewhere Canadians can excel. Now he has the chance to objectively look at it with a much lower price point. We are cutting back on mining globally, but not in the oil sands. There could be a unique opportunity here. His question is if he would increase income by using this to replace a stock in his portfolio.

One of the world’s premier engineering and construction companies. Trading at a very low multiple and a very attractive price. Nice yield. Just brought in a new CEO who knows the business and can grow the business. Will be significantly higher in 2, 3, 5 years.

Sold his holdings. It will take a while for them to get out of the penalty box.

Rode it down during the scandal. He exited in the spring. Feels there will be a continuing overhang due to RCMP investigation. Potential to be dragged through the mud in the Quebec investigation. Better opportunities out there.

(Market Call Minute.) Buy it if you are truly a long-term investor.

(A Top Pick Aug 15/11. Down 25.54%.) This is as cheap as it has ever been in its history. It needs a catalyst and a good quarter. It is announcing contracts but that is not the catalyst. New CEO, which he thinks will help.

He would prefer Brookfield Infrastructure (BIP.UN-T). This company has a good business but it is in the doghouse, which is likely to be for a while. It takes time for a new CEO to prove himself. Stock has basically been churning sideways since 2007. Wait for a turn in price behaviour and in numbers.

(Market Call Minute) Please do not buy, avoid for now and wait until you have more clarity in the situation. She covered her short.

Would avoid any company that has been shocked by any kind of a scandal. There is never only one bad press release. It is not over.

Interesting and complex story. Had a scandal in the spring about unauthorized payments in North Africa which battered the stock. This was followed recently by a very poor quarter from operations. Huge backlog which is growing. Own a lot of infrastructure such as airports and toll roads which are tremendously valuable and tend to grow over time. Stock is quite inexpensive with the fair value in the mid-$40's and once the cloud clears they could get back in the $50 range again.

(Market Call Minute.) Too much uncertainty.

(Market Call Minute) Nibble at $36.