Bird Construction Income Fund (BDT-T)

BDT is a $450.6M company with a strong dividend yield of 5.1%, and has been paying down debts recently. Sales growth has been decent, its profit margins are somewhat thin, but it has a nice cash balance of $115.8M, and generates decent cash flows. Its valuation is at a good level, with a forward sales multiple of 0.2X and a forward P/E of 7.6X. Analyst expectations are for decent sales and earnings growth in the coming years. We would be comfortable with a position here, given its low valuation and good yield, although we might not expect much in the way of capital appreciation.
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He tends to shy away from the construction industry. It's volatile, very low margins, risk of cost overruns. Consulting is more lucrative and steady, as with WSP. Trade it if you want.

This is a tough business to be in as construction and design are low margin businesses. The last couple of quarters showed some operational hiccups. He needs to see these issues turn around before investing. He thinks there are other ways to play the infrastructure wave, such as Brookfield or SNC Lavalin.

He likes the company and management. Not sure of visibility at this point, but would feel comfortable with the overall structure and the way they have been able to operate. Dividend yield of 3.9%.

This has been a very good stock. They are situated mostly in the West. Through the last few years, this has done consistently well. At some point, this is going to have a turnaround. Thinks the worst is over for them. If you are a long-term buyer, and you want to be in this space, you are probably good to go.

A great, great performer for years and particularly strong in the oil sands with a concrete business. Particularly liked the old management, not to say that the newer management is not to be liked, but it doesn’t seem to have the same colour and performance. They had a dividend cut, which was probably very prudent.

Just looked at this recently, and it was badly hit. With all the infrastructure planning, you would think that it would do well and hopefully come back. Has admired the company for a long time. They have an excellent track record. Dividend yield of 4.2%.