WSP Global Inc. (WSP.TO)

An engineering and international success story. There has been a long-term consolidation on this, in or around the high $20 area. It broke out in 2013 and broke through the previous high of around $33. It is now coming back to test. He bought on the breakout, which it is testing right now. It is probably a buying opportunity again. This stock should do well over the next few years.

Dividend is sustainable. One of the best performing construction stocks because it is not exposed to the West. If you think we might see some stability in oil prices in Western Canada then there may be better choices.

A Canadian company, but in the last couple of years they bought a UK engineering firm and one from the US. Will have the big bulk of its earnings coming internationally. Decent yield of 4.29%.

Their global operations are showing solid organic growth and very healthy margins. Canadian operations showed signs of safe stabilizing last quarter. Backlog is up nicely. Just made a recent acquisition of Parsons Brinkerhoff, which adds to their US exposure and gives them more of a global footprint. Feels this will be highly accretive and will generate cost savings. He models a 72% payout ratio. Have done a very good job in the past of integrating operations.

Holds it. Just did a big deal. The market wants to digest it. He is a big fan of the deal. Will be amongst the top ten service firms globally. 4%+ dividend is sustainable, but will be flat.

(Market Call Minute) Loves it. Loves the construction.

Really bullish on this whole area. Merged with a company and are now more international. Chart is fantastic. Looking at the whole global infrastructure, especially in Canada, federal government has kicked in billions in infrastructure; Ontario government has done the same.

Almost had a double from back in 2012. Some consolidation in 2013 at around $24, followed by a breakout to where we are now. Looks like it has good potential. He would use the 100 day moving average of $33.70 as a Stop. You might want to consider reducing a little, taking a little bit off, if it goes down to the 50 day moving average of $35.50. Yield of 4%.

Prefers SNC if you have a larger time horizon. 4.8% dividend if you just want that. He owned it and sold early. Prefers GE-N.

A lot of money is coming into this stock, which is probably going to drive it higher. Chart shows a lot of resistance at around $26, and it had a clean break in the latter part of this year. Volume is increasing. Feels this works higher. Expects it will take out the old peak of $34.55.

Ranks well, based on European expansion. This is an entry point. It is just starting to go higher. 5.3% yield. Will wait until business grows before a dividend increase, none since 2011.

Really high on this whole sector. Thinks we are looking at the P3 participation of construction projects, private/public participation. A lot of companies like this such as Aecon (ARE-T) and perhaps Stantec (STN-T) to a lesser degree will do extremely well here. Yield of over 6%.

(Market call minute.) Has been tainted by its association with the investigation into the procurement of engineering contracts in the province of Québec.

Engineering energy construction company. Prospects are pretty reasonable for this company. Has a higher dividend payout. You get a lot of your total return in the form of dividends so the capital value is fairly limited. A decent Hold.

On a down trend. Watch for it to break above the downward trend. Looks like it might make a new low in the next couple of months. Volume stats are not big enough to have created a turnaround.