Armtec Infrastructure

ARF-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about ARF-T

Signal
Opinion
Expert
SELL
SELL
March 26, 2015

It is unlikely they will continue. They are in dire, dire straits and are shopping the company around. Thinks they will be delisted and shareholders will get nothing. They had too much debt and got hit by the recession.

It is unlikely they will continue. They are in dire, dire straits and are shopping the company around. Thinks they will be delisted and shareholders will get nothing. They had too much debt and got hit by the recession.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.025
Owned
Unknown
SELL
SELL
February 10, 2015

Hasn’t looked at this too seriously in the last 5 years. Cut the dividend dramatically in 2011 and it fell dramatically. Very oriented towards infrastructure. It is concrete and precast concrete. The headwinds that governments are facing and exposure to the oil patch and Western Canada are things you should be concerned about. If they couldn’t do it before, he can’t see them doing it now.

Hasn’t looked at this too seriously in the last 5 years. Cut the dividend dramatically in 2011 and it fell dramatically. Very oriented towards infrastructure. It is concrete and precast concrete. The headwinds that governments are facing and exposure to the oil patch and Western Canada are things you should be concerned about. If they couldn’t do it before, he can’t see them doing it now.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$0.230
Owned
No
COMMENT
COMMENT
February 3, 2015

Has been trying to talk to management, but with no success. There is no question this could go under. Looking at convertible debentures, the convertible rate is $26.70. If you hold them until they mature, you would get better than 100%, but the question is whether they actually do that. They have a huge debt load along with some other headwinds, including the weak Cdn$. However, they do have Brookfield Capital behind them.

Has been trying to talk to management, but with no success. There is no question this could go under. Looking at convertible debentures, the convertible rate is $26.70. If you hold them until they mature, you would get better than 100%, but the question is whether they actually do that. They have a huge debt load along with some other headwinds, including the weak Cdn$. However, they do have Brookfield Capital behind them.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.250
Owned
No
DON'T BUY
DON'T BUY
December 30, 2014

During the income trust days, this was a big name with a very big yield on it. Long-term chart is not attractive. When people are cutting back CapX, you don’t want to be in a name like this.

During the income trust days, this was a big name with a very big yield on it. Long-term chart is not attractive. When people are cutting back CapX, you don’t want to be in a name like this.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$0.260
Owned
No
COMMENT
COMMENT
July 31, 2013

(Worst call ever made.) This was a company that was brokering infrastructure projects and developing a lot of concrete work around the Calgary area. They overpromised and under delivered. Thinks the stock went down 90%. Only had a very small position. (Kind of likes it in this range and bought a little bit personally.)

(Worst call ever made.) This was a company that was brokering infrastructure projects and developing a lot of concrete work around the Calgary area. They overpromised and under delivered. Thinks the stock went down 90%. Only had a very small position. (Kind of likes it in this range and bought a little bit personally.)

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$2.350
Owned
Yes
DON'T BUY
DON'T BUY
November 13, 2012

Was a distressed company a year ago and he was shorting it. Got into trouble with oil sands contracts. A strategic investor has come in and backstopped their balance sheet. He doesn’t see an upside at this point.

Was a distressed company a year ago and he was shorting it. Got into trouble with oil sands contracts. A strategic investor has come in and backstopped their balance sheet. He doesn’t see an upside at this point.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$2.350
Owned
Unknown
DON'T BUY
DON'T BUY
November 24, 2011
Drainage pipes. Their issue is the debt. Debt to capital ratio is something like 3X. He is currently Short this one.
Drainage pipes. Their issue is the debt. Debt to capital ratio is something like 3X. He is currently Short this one.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$1.610
Owned
Yes
DON'T BUY
DON'T BUY
September 20, 2011
Had a major pull back but not looking inexpensive. Banks didn’t want to loan them any more money. Stuck with long term, non-profitable contracts. Management has been a disaster. There’s a huge class action lawsuit.
Armtec Infrastructure (ARF-T)
September 20, 2011
Had a major pull back but not looking inexpensive. Banks didn’t want to loan them any more money. Stuck with long term, non-profitable contracts. Management has been a disaster. There’s a huge class action lawsuit.
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$1.630
Owned
Unknown
SELL
SELL
August 17, 2011
There is nothing in that infrastructure engineering space that he is excited about.
There is nothing in that infrastructure engineering space that he is excited about.
Jason Donville
President & CEO, Donville Kent Asset Management
Price
$2.400
Owned
Unknown
DON'T BUY
DON'T BUY
July 25, 2011
Has had a Short position on this one for a while. Similar companies have got caught up into some real cost inflation on oil sands projects that they are servicing. This company also has a significant debt load.
Has had a Short position on this one for a while. Similar companies have got caught up into some real cost inflation on oil sands projects that they are servicing. This company also has a significant debt load.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$3.800
Owned
Yes
BUY
BUY
July 11, 2011
Interesting because sometimes when these stocks get really hammered down, it is overdone. At these levels, the risk/reward is attractive. Very low multiple to BV.
Interesting because sometimes when these stocks get really hammered down, it is overdone. At these levels, the risk/reward is attractive. Very low multiple to BV.
Jason Donville
President & CEO, Donville Kent Asset Management
Price
$4.070
Owned
No
DON'T BUY
DON'T BUY
June 17, 2011
Original business was producing pipe and drainage products but got into pre-cast concrete in the last couple of years. Had too much debt, violated their covenants and the bankers forced them to cut their dividend to zero.
Original business was producing pipe and drainage products but got into pre-cast concrete in the last couple of years. Had too much debt, violated their covenants and the bankers forced them to cut their dividend to zero.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$3.160
Owned
No
COMMENT
COMMENT
June 8, 2011
The whole market is in a corrective phase. Doesn’t know why it has fallen off in the last month. He owns the debentures of this one. Likes the business long term.
The whole market is in a corrective phase. Doesn’t know why it has fallen off in the last month. He owns the debentures of this one. Likes the business long term.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$10.500
Owned
Yes
SELL
SELL
June 7, 2011
Big 13% decline. Obviously some bad news. It is continuing its drop. Start reducing it. Bounces after this will be considered by many as the selling point. Probably very unlikely you will see $13 again. Take out a third of position at a time.
Big 13% decline. Obviously some bad news. It is continuing its drop. Start reducing it. Bounces after this will be considered by many as the selling point. Probably very unlikely you will see $13 again. Take out a third of position at a time.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$10.840
Owned
Unknown
DON'T BUY
DON'T BUY
June 3, 2011
Manufacturer of piping for culverts, noise barriers and concrete bridges. Feels the balance sheet is a little stretched. Has grown significantly over the years but has layered on a lot of debt and they are paying out significant cash.
Manufacturer of piping for culverts, noise barriers and concrete bridges. Feels the balance sheet is a little stretched. Has grown significantly over the years but has layered on a lot of debt and they are paying out significant cash.
Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$13.480
Owned
No
DON'T BUY
DON'T BUY
April 26, 2011
This is a fallen angel. They have bounced along the bottom since. Prefers GNV-T or STN-T.
This is a fallen angel. They have bounced along the bottom since. Prefers GNV-T or STN-T.
Jason Donville
President & CEO, Donville Kent Asset Management
Price
$16.200
Owned
Unknown
HOLD
HOLD
April 1, 2011
Had a corrective period in 2010 and now looks like it’s in a bit of support. The worse is probably over.
Had a corrective period in 2010 and now looks like it’s in a bit of support. The worse is probably over.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$16.500
Owned
Unknown
BUY
BUY
March 9, 2011
Has had a pullback. Huge leverage due to infrastructure spending. You had a run up on account of the stimulus spending. Wait for their report, which is in a little while. Thinks the squeezing out has been played out. The yield suggests there is a problem with the dividend. Near term it is ok. He’s been buying it over the last few days.
Has had a pullback. Huge leverage due to infrastructure spending. You had a run up on account of the stimulus spending. Wait for their report, which is in a little while. Thinks the squeezing out has been played out. The yield suggests there is a problem with the dividend. Near term it is ok. He’s been buying it over the last few days.
Prakash Hariharan
Portfolio Manager, Analytixinsight Inc.
Price
$16.630
Owned
Yes
DON'T BUY
DON'T BUY
March 4, 2011
Good company but became too overextended as they made acquisitions. Too much debt and the payout ratio is too high. Expect they may have to raise equity in 2011. He owns the bonds.
Good company but became too overextended as they made acquisitions. Too much debt and the payout ratio is too high. Expect they may have to raise equity in 2011. He owns the bonds.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$17.460
Owned
Yes
WAIT
WAIT
February 8, 2011
We have a downward line since early ’10. You want to see it break out before you buy it. You can connect the late ’09 low and late ’10 low. He would rather pay a little more after it has broken out of the top line and then pulls back a bit.
We have a downward line since early ’10. You want to see it break out before you buy it. You can connect the late ’09 low and late ’10 low. He would rather pay a little more after it has broken out of the top line and then pulls back a bit.
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$18.110
Owned
Unknown
BUY
BUY
February 2, 2011
Any time there is a double-digit yield on a security, it indicates risk. The reason for the 12.4% yield is due to the sharp decline in the past year. Had a difficult 2010 due to weather problems out west, which is probably not repeatable. Likes the look of the chart and almost had it as a Top Pick. Grinding upwards and has good volumes. (He participated in their debentures.)
Any time there is a double-digit yield on a security, it indicates risk. The reason for the 12.4% yield is due to the sharp decline in the past year. Had a difficult 2010 due to weather problems out west, which is probably not repeatable. Likes the look of the chart and almost had it as a Top Pick. Grinding upwards and has good volumes. (He participated in their debentures.)
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$17.850
Owned
Yes
COMMENT
COMMENT
January 24, 2011
Extremely well run and relatively conservatively managed business. Been getting a well-diversified group of contracts. Has been a great acquirer of other niche businesses. Expecting they will do an equity issue this year so will be some dilution. 13% dividend is somewhat at risk if things slow down. (Holds their bonds.)
Extremely well run and relatively conservatively managed business. Been getting a well-diversified group of contracts. Has been a great acquirer of other niche businesses. Expecting they will do an equity issue this year so will be some dilution. 13% dividend is somewhat at risk if things slow down. (Holds their bonds.)
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$16.900
Owned
Yes
COMMENT
COMMENT
December 2, 2010
Involved in pre-cast concrete barriers. Weak last quarter. Large debt because of acquisitions. Want debt down to 2X EBITDA so would be prudent for them to cut dividends by 15%-20%. Expect they will raise equity in 2011.Converting to a Corp Jan 1st. 13.5% yield. (Owns the bonds rather than equity.)
Involved in pre-cast concrete barriers. Weak last quarter. Large debt because of acquisitions. Want debt down to 2X EBITDA so would be prudent for them to cut dividends by 15%-20%. Expect they will raise equity in 2011.Converting to a Corp Jan 1st. 13.5% yield. (Owns the bonds rather than equity.)
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$16.000
Owned
Yes
COMMENT
COMMENT
November 11, 2010
Has disappointed 3 quarters in a row so he’s been lightening his position. Paying a good distribution until year-end when they convert.
Has disappointed 3 quarters in a row so he’s been lightening his position. Paying a good distribution until year-end when they convert.
Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$15.600
Owned
Yes
COMMENT
COMMENT
June 28, 2010
Yield of almost 11%. In a transitional period for converting to a corp. but suspects they will try to keep the dividends up. The market correction gives you an opportunity if you want to buy it.
Yield of almost 11%. In a transitional period for converting to a corp. but suspects they will try to keep the dividends up. The market correction gives you an opportunity if you want to buy it.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$19.550
Owned
No
BUY
BUY
April 27, 2010
Infrastructure. Announced a conversion to a corporation effective Jan 1st. Should pretty much be priced in to the stock price. Company has been doing pretty well. Good price.
Infrastructure. Announced a conversion to a corporation effective Jan 1st. Should pretty much be priced in to the stock price. Company has been doing pretty well. Good price.
Michael Sprung
President, Sprung Investment Management
Price
$22.520
Owned
Unknown
BUY
BUY
April 22, 2010
Had a great run up into the mid-$20's and then came off fairly sharply after a supposedly weak quarter. Feels the things that affected last quarter will come to pass in one of the next couple of quarters. Continue to hold and it might be an opportunity to add.
Had a great run up into the mid-$20's and then came off fairly sharply after a supposedly weak quarter. Feels the things that affected last quarter will come to pass in one of the next couple of quarters. Continue to hold and it might be an opportunity to add.
Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$22.500
Owned
Yes
BUY
BUY
March 24, 2010
Concrete products and manufacturing distributor. Infrastructure projects are not happening in the economy is still weak. Disappointing 4th quarter and Q1 was weaker than expected. Nice dividend yield.
Concrete products and manufacturing distributor. Infrastructure projects are not happening in the economy is still weak. Disappointing 4th quarter and Q1 was weaker than expected. Nice dividend yield.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$21.400
Owned
Unknown
HOLD
HOLD
March 23, 2010
Was getting ready to buy this stock and they delivered a crappy Q4. Over sold at this point.
Was getting ready to buy this stock and they delivered a crappy Q4. Over sold at this point.
Jason Donville
President & CEO, Donville Kent Asset Management
Price
$21.290
Owned
Unknown
BUY
BUY
March 8, 2010
Infrastructure. Thinks the impact on stimulus in Canada hasn't really hit yet and that there will be a real rapid growth in actual construction activity, starting in Q2 and continuing for several quarters. Good management.
Infrastructure. Thinks the impact on stimulus in Canada hasn't really hit yet and that there will be a real rapid growth in actual construction activity, starting in Q2 and continuing for several quarters. Good management.
Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$24.260
Owned
Yes
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