Bird Construction Income Fund | StockChase
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Bird Construction Income Fund (BDT-T)

Last Price Recorded: $9.8300 on 2017-11-21

ON STOCKCHASE SINCE Mar 2006

REAL ESTATE

Bird Construction Income Fund


Signal Opinion Expert

2017-06-09

COMMENT
Bird Construction Income Fund (BDT-T)

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.

REAL ESTATE
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $8.050
Owned: No

2017-05-26

COMMENT
Bird Construction Income Fund (BDT-T)

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.

REAL ESTATE
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $8.520
Owned: Yes

2017-02-07

COMMENT
Bird Construction Income Fund (BDT-T)

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%.

REAL ESTATE
Benj Gallander

President, Contra the Heard Investment Letter

Price: $9.150
Owned: No

2017-02-01

COMMENT
Bird Construction Income Fund (BDT-T)

Canada’s 3rd largest construction firm. The perception is that they have exposure to the energy sector, which is slowing down. There are lots of other things going on though. This is a stock that may be down unduly because of perception rather than reality. Feels the future is brighter for this company and it is the best value in construction stocks.

REAL ESTATE
Brendan Caldwell

President, Caldwell Securities

Price: $9.260
Owned: Yes

2017-01-31

TOP PICK
Bird Construction Income Fund (BDT-T)

This has not performed very well. However, there is a tremendous amount of upside potential, particularly because the company was negatively impaired by the slowdown in Western Canada and lower commodity prices. As we hit an inflection point and see CapX budgets increase with a bit of an improvement in the Alberta economy, which should grow 2% this year coupled with federal infrastructure spending, we could see the backlog start to go up and people get more optimistic about margin growth. They recently cut the dividend, so it should be relatively safe. Has about $4.80 in cash per share on their balance sheet. Dividend yield of 4.36%. (Analysts’ price target is $10.)

REAL ESTATE
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $8.860
Owned: Yes

2016-11-03

PAST TOP PICK
Bird Construction Income Fund (BDT-T)

(Top Pick Nov 25/15, Down 22.22%) It had improving price momentum at the time as well as being cheap and having a big backlog.  They missed their Q2 and misses have really punished stocks recently.  He got out.  Their business slowed from where he thought it would be.  It is still cheap and if you have the time to wait, it now scores in the top 20% in terms of valuation, 6 times price to cash flow.  Expect it to stay in the penalty box until they can show some improved earnings.

REAL ESTATE
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $10.420
Owned: No

2016-09-29

BUY
Bird Construction Income Fund (BDT-T)

This is the one he would be looking closely at here.  Their balance sheet is quite good.  Risk reward looks pretty good.  It is great for individuals, but it does not trade a lot so holds him back as an institutional investor.

REAL ESTATE
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $11.310
Owned: No

2016-09-23

SELL
Bird Construction Income Fund (BDT-T)

Management has said 2017 will be a transition year for them. Part of the issue has been a declining backlog in business and declining commodity prices. Thinks the stock is going to be challenged over the next 6 months to a year. This is one that he would rather be Selling or avoiding for the next year. Payout ratio by the middle of next year should spike out at 132%, which is a bit of a worry. Also, are they going to have a dividend.

REAL ESTATE
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $11.290
Owned: No

2016-06-28

COMMENT
Bird Construction Income Fund (BDT-T)

When you see what the government is planning on doing on infrastructure and building, this company could do well. A smartly run company. Thinks it has a fair bit of upside from here.

REAL ESTATE
Benj Gallander

President, Contra the Heard Investment Letter

Price: $13.190
Owned: No

2016-05-17

BUY on WEAKNESS
Bird Construction Income Fund (BDT-T)

Has owned this in the past. Just had some numbers out that were pretty good. Has a very healthy dividend, and their payout ratio is less than 100% which is nice. Expects they will continue to get a lot of work from infrastructure that is going to be upgraded over the next couple of years. Also, expects they will get some work on the Fort McMurray situation as well. If you could Buy on a pullback, that would be ideal.

REAL ESTATE
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $13.640
Owned: No

2016-04-12

COMMENT
Bird Construction Income Fund (BDT-T)

Would steer clear of construction/engineering firms. So much depends on 1) winning contracts and 2) completing the contracts at a profit. Historically, in order to win contracts, companies might bid a very finely calculated price, and then get surprises on completion that will hit their profit margins.

REAL ESTATE
David Baskin

President, Baskin Wealth Management

Price: $11.350
Owned: Unknown

2016-03-21

BUY
Bird Construction Income Fund (BDT-T)

Trudeau has done a good job of guiding the street about infrastructure spending increases.  This company should get some of this money.

REAL ESTATE
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $11.380
Owned: Unknown

2016-02-12

HOLD
Bird Construction Income Fund (BDT-T)

Has held in remarkably well given the manufacturing slowdown in Canada. One of his largest holdings in one of his funds. One of the 2 cheapest stocks in the universe that he covers. A really strong ROE at 23%. Trading at 4.5X Price to Free Cash Flow, so is really cheap. Dividend yield of 6.5%. Pristine balance sheet.

REAL ESTATE
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $11.760
Owned: Yes

2016-02-05

BUY
Bird Construction Income Fund (BDT-T)

(Market Call Minute.) This is engineering and there is going to be more money coming from the federal government into this area.

REAL ESTATE
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $11.950
Owned: Yes

2016-01-13

COMMENT
Bird Construction Income Fund (BDT-T)

Attractive dividend yield of 6.5%. There are a number of infrastructure projects that are going to be happening, and this is probably going to be a beneficiary. With concerns about a slowing economy, and part of their business is in oil and gas construction, he thinks the market is concerned about that.

REAL ESTATE
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $11.490
Owned: No

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