WSP Global Inc. (WSP.TO)

(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.

In line with what it has traded at over the last 5 years. Just made an acquisition so there is that risk in tucking it in. They have diversified away from Canada, which is a good thing. When global economies start to rebound it will do well. You may be paid 7.3% to wait.

This was a Québec-based company that grew through acquisition. Unlike many other companies, they don’t do construction, only engineering and mainly through oil sands, mining and consolidation. Going through a tough patch right now because of a big acquisition where they issued a lot of stock to finance it. Acquisition has a lot of exposure in Europe. Believes they bought it for strategic reasons and they’ll benefit when the upswing comes. Feels the dividend is sustainable.

Québec-based engineering/construction firm. Very well run company. Pays a very attractive dividend yield of about 7%. Feels the prospects for it are fine. There has been some concern in that sector that a lot of these companies have significant projects with governments, large oil/gas companies and if there is a slow down in the more cyclicals sectors in the economy, a company like this could face pricing pressure or lose contracts. One of the better run businesses in that space.

Margins are much better on engineering consulting than on construction. Owns this but probably won’t keep it. He would be a buyer below $20. 6.8% dividend yield.

Did a large UK acquisition. Margins are less than the North American business so the blended margins don’t look as good. He is not hung up on the margins. 6.9% yield.