WSP Global Inc. (WSP.TO)

He likes the company. Has owned stock of it in the past. Overvalued now trading at 12 times EBITDA. Excellent Management team at execution. He would look at it if it comes back at 10 times EBITDA.

He's playing infrastructure through WSP who are locking their debt to earnings, yet grow by acquiring. A conservative approach he likes.

This offers industrial exposure to international infrastructure. Rather than owning the asset (as Brookfield does), WSP builds it. She prefers WSP to SNC-Lavalin because its income is services related and it doesn’t have the cost-overrun risk that SNC has because of its fixed price bids. She would not buy WSP at this level because it has had a good run and is fully valued.

(A Top Pick July 28/17 - Up 36%.) Last quarter margins were up. They are still modeling 36% earnings growth. The name is getting a little pricey. He has lightened up a little bit. There are enough contracts around. There are enough governments that are spending.

(A Top Pick July 14, 2017. Up 35%). He sees ongoing opportunity for this infrastructure company, with new technology that can help in maintenance and expansion of roads and bridges.

This engineering service company has done well. It provides services to construction companies but does not share their risks of cost overruns on fixed-price construction contracts. However, it has risen too far and she would buy on a pullback.

(A Top Pick July 28/17 - Up 42%.). Still like the name but it is getting pricey. He has been trimming and selling calls on it. Good story.

You can play infrastructure through those who build it or through those that handle the engineering. He has not had a lot of exposure other than through Brookfield. He is watching Stantec closely on the engineering side, who is more focused on pure engineering. (Analysts’ price target is $67 )

(A Top Pick July 14/17 Up 16%). He sees this company growing by acquisitions and sees more opportunities to come. They still own it.