Stock price when the opinion was issued
Likes the sector of engineering services, instead of construction. 77% of STN revenue comes from NA. She owns WSP. Nothing wrong with STN, though it's smaller. Since STN is smaller, it might be able to grow faster.
WSP revenue from NA is 50% or slightly below, so it's more global. Starting to see organic growth pick up from its bigger acquisitions in very attractive markets. Growth profile slightly better.
Both grow organically and through M&A. Both have balance sheet support to do M&A.
Great environment for engineering and similar services. ROE is ~13%. PE's of all these companies are getting up around 40x trailing earnings. Rather fully priced. Very good exposure to the US, and the USD is strong and likely to remain so for a while.
In a trade war, services may not be as badly affected as some products, so these companies could be somewhat of a haven.
He's always cautious. Tremendous number of acquisitions, which they've done well. Window's been open for capital in the space. Sometimes the market will love it and leave it if they make a mistake.
If you already own it you probably own enough, as it's done so well it has to be a bigger weight in your portfolio. Wait to buy more, don't double down at these prices.