Stuart Olson Inc | StockChase
58
Stuart Olson Inc (SOX-T)

Last Price Recorded: $7.0500 on 2017-12-15

ON STOCKCHASE SINCE Jul 2007

Formerly Churchill Corporation (The)

REAL ESTATE
58
Stuart Olson Inc (SOX-T)

Last Price Recorded: $7.0500 on 2017-12-15

ON STOCKCHASE SINCE Jul 2007

Formerly Churchill Corporation (The)

REAL ESTATE

Stuart Olson Inc


Signal Opinion Expert
PARTIAL SELL
Stuart Olson Inc(SOX-T) 

December 13, 2017

The company has not only created some stability within operations, but also have the potential of improving operations going forward. When they converted from the old Churchill Corp. they took on a lot of contracts that were fixed price that went over budget, making it a real drag. Since then, they’ve diversified into other markets. They have more presence in other provinces than just Alberta. If there is going to be more spending in electrical work in buildings, and infrastructure to some extent, this company should still have a bit more room to run. If you own, he would take some profits and limit this to a smaller portion of your portfolio.

REAL ESTATE

The company has not only created some stability within operations, but also have the potential of improving operations going forward. When they converted from the old Churchill Corp. they took on a lot of contracts that were fixed price that went over budget, making it a real drag. Since then, they’ve diversified into other markets. They have more presence in other provinces than just Alberta. If there is going to be more spending in electrical work in buildings, and infrastructure to some extent, this company should still have a bit more room to run. If you own, he would take some profits and limit this to a smaller portion of your portfolio.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$6.790
Owned Owned
Unknown

SPECULATIVE BUY
Stuart Olson Inc(SOX-T) 

October 25, 2017

They were losing money a few years ago because of fixed price contracts. Now they have diversified into more electrical, construction and buildings. Mostly an Alberta dominant company and they had a lot of exposure to gas & oil which hasn’t helped them. It’s a higher risk/reward situation but it could go up significantly if the infrastructure spending gets off the ground.

REAL ESTATE

They were losing money a few years ago because of fixed price contracts. Now they have diversified into more electrical, construction and buildings. Mostly an Alberta dominant company and they had a lot of exposure to gas & oil which hasn’t helped them. It’s a higher risk/reward situation but it could go up significantly if the infrastructure spending gets off the ground.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$5.270
Owned Owned
Yes

COMMENT
Stuart Olson Inc(SOX-T) 

September 13, 2017

This has had its share of difficulties over the years, with some fixed price contracts that went overpriced. There was also a slowdown in energy industry, and they were largely exposed to Alberta at the time. They’ve made attempts to diversify. With the proposed spending going forward on infrastructure, their industrial segment should pick up. Believes this still has significant upside.

REAL ESTATE

This has had its share of difficulties over the years, with some fixed price contracts that went overpriced. There was also a slowdown in energy industry, and they were largely exposed to Alberta at the time. They’ve made attempts to diversify. With the proposed spending going forward on infrastructure, their industrial segment should pick up. Believes this still has significant upside.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$5.300
Owned Owned
Yes

PAST TOP PICK

(A Top Pick July 15/16. Down 17%.) In this infrastructure environment, he thinks it will do okay eventually. They have diversified their business and are not as Western dependent as they were. As money gets allocated to more building and infrastructure projects, this will do better than it has.

REAL ESTATE

(A Top Pick July 15/16. Down 17%.) In this infrastructure environment, he thinks it will do okay eventually. They have diversified their business and are not as Western dependent as they were. As money gets allocated to more building and infrastructure projects, this will do better than it has.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$5.290
Owned Owned
Yes

COMMENT
Stuart Olson Inc(SOX-T) 

March 17, 2017

He is a long-suffering shareholder of this. He keeps waiting for things to go right for them. They always seem to be just on the cusp of things turning around and going right, and believes they will. Doesn’t feel the dividend is under any immediate jeopardy, but if conditions continue as they did last year, particularly in Alberta, the dividend could be affected. With all the spending that’s been forecast in the Alberta budget, he believes they will get their share, which would make them highly leveraged to a recovery. Feels it is worth far more than what it is trading at.

REAL ESTATE

He is a long-suffering shareholder of this. He keeps waiting for things to go right for them. They always seem to be just on the cusp of things turning around and going right, and believes they will. Doesn’t feel the dividend is under any immediate jeopardy, but if conditions continue as they did last year, particularly in Alberta, the dividend could be affected. With all the spending that’s been forecast in the Alberta budget, he believes they will get their share, which would make them highly leveraged to a recovery. Feels it is worth far more than what it is trading at.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$5.800
Owned Owned
Yes

PAST TOP PICK
Stuart Olson Inc(SOX-T) 

February 1, 2017

(A Top Pick Jan 7/16. Up 8.19%.) This has been a troubled company. They ran into some contracts that went over budget. Largely exposed to energy, but are also very well exposed to infrastructure and mining. Made an acquisition a couple of years ago, which in the next quarter there might be a possibility of a write down on it. We are beginning to see potential signs of a turnaround. At these levels, he would be buying.

REAL ESTATE

(A Top Pick Jan 7/16. Up 8.19%.) This has been a troubled company. They ran into some contracts that went over budget. Largely exposed to energy, but are also very well exposed to infrastructure and mining. Made an acquisition a couple of years ago, which in the next quarter there might be a possibility of a write down on it. We are beginning to see potential signs of a turnaround. At these levels, he would be buying.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$5.330
Owned Owned
Yes

COMMENT
Stuart Olson Inc(SOX-T) 

December 21, 2016

This ran into significant trouble and were in a lot of fixed-price contracts that went over costs. They have had to totally restructure the company. Also, they are primarily a Western exposed company, and more on the construction side rather than engineering in the equation. Feels they have been overlooked. If there is going to be any increase in infrastructure spending, particularly out west, this is certainly one of the companies that will benefit. Relative to the group, it looks very inexpensive, but it is a much higher risk/reward than some of the others.

REAL ESTATE

This ran into significant trouble and were in a lot of fixed-price contracts that went over costs. They have had to totally restructure the company. Also, they are primarily a Western exposed company, and more on the construction side rather than engineering in the equation. Feels they have been overlooked. If there is going to be any increase in infrastructure spending, particularly out west, this is certainly one of the companies that will benefit. Relative to the group, it looks very inexpensive, but it is a much higher risk/reward than some of the others.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$5.900
Owned Owned
Yes

COMMENT
Stuart Olson Inc(SOX-T) 

November 4, 2016

This is sort of a “go to” construction company, which is unfortunately situated in Alberta. Every quarter when you are expecting things to look like they are improving, they seem to run into 1 or 2 problems somewhere, and this quarter is no different. There were some large contracts they were working on, that ran into cost overruns and delays. Thinks they are going to get its share of infrastructure spending once that gets started, which is probably a couple of years out. This could easily double from here.

REAL ESTATE

This is sort of a “go to” construction company, which is unfortunately situated in Alberta. Every quarter when you are expecting things to look like they are improving, they seem to run into 1 or 2 problems somewhere, and this quarter is no different. There were some large contracts they were working on, that ran into cost overruns and delays. Thinks they are going to get its share of infrastructure spending once that gets started, which is probably a couple of years out. This could easily double from here.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$5.520
Owned Owned
Yes

DON'T BUY
Stuart Olson Inc(SOX-T) 

October 5, 2016

Not one he follows or would own right now. This provides construction services to Western Canada with schools, hospitals, sports arenas, high-rises, etc. It also has exposure to the energy business. Even if energy prices have something of a rebound, the suppliers are going to lag considerably. If you are looking for a play on energy and Western growth, he would look at the commodity, producers and suppliers further down the chain.

REAL ESTATE

Not one he follows or would own right now. This provides construction services to Western Canada with schools, hospitals, sports arenas, high-rises, etc. It also has exposure to the energy business. Even if energy prices have something of a rebound, the suppliers are going to lag considerably. If you are looking for a play on energy and Western growth, he would look at the commodity, producers and suppliers further down the chain.

REAL ESTATE
Brendan Caldwell

President, Caldwell Securities...

PricePrice
$5.990
Owned Owned
No

BUY
Stuart Olson Inc(SOX-T) 

August 24, 2016

It has been really beset, particularly lately, by the problems in Alberta. It was affected by the wildfires around Fort McMurray. In the last number of years, they have just seemed to go from one problem to another. However, he still believes this company can survive the current environment and prosper. They will be a beneficiary for some of the infrastructure spending that is going to take place.

REAL ESTATE

It has been really beset, particularly lately, by the problems in Alberta. It was affected by the wildfires around Fort McMurray. In the last number of years, they have just seemed to go from one problem to another. However, he still believes this company can survive the current environment and prosper. They will be a beneficiary for some of the infrastructure spending that is going to take place.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$6.120
Owned Owned
Yes

COMMENT
Stuart Olson Inc(SOX-T) 

August 16, 2016

A high dividend, so you might want to be careful here. Some of the contracts are a little choppy. He likes the company, but there are some issues. 7.5% dividend yield.

REAL ESTATE

A high dividend, so you might want to be careful here. Some of the contracts are a little choppy. He likes the company, but there are some issues. 7.5% dividend yield.

REAL ESTATE
Andrew Pink

Portfolio Manager, LDIC...

PricePrice
$6.350
Owned Owned
Unknown

TOP PICK
Stuart Olson Inc(SOX-T) 

July 15, 2016

Engineering/construction company. This has really had problems over the last number of years, and is finally beginning to turn around. Have lagged the other engineering companies because of their large exposure to Alberta, but there is going to be a lot of infrastructure building in Alberta. Dividend yield of 7.19%.

REAL ESTATE

Engineering/construction company. This has really had problems over the last number of years, and is finally beginning to turn around. Have lagged the other engineering companies because of their large exposure to Alberta, but there is going to be a lot of infrastructure building in Alberta. Dividend yield of 7.19%.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$6.780
Owned Owned
Yes

DON'T BUY
Stuart Olson Inc(SOX-T) 

June 24, 2016

An infrastructure company. This space has been getting a lot of attention lately because of budgets and stimulation of the economy, and this is probably his least favourite. Bought a pretty large electrical firm out West, and the timing was not great. There are better options in the sector.

REAL ESTATE

An infrastructure company. This space has been getting a lot of attention lately because of budgets and stimulation of the economy, and this is probably his least favourite. Bought a pretty large electrical firm out West, and the timing was not great. There are better options in the sector.

REAL ESTATE
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$6.210
Owned Owned
Unknown

TOP PICK
Stuart Olson Inc(SOX-T) 

March 28, 2016

Construction.  Institutional and commercial.  They ran into trouble with some fixed price contracts which are basically behind them.  They are yielding about 7%.  They will get some benefit from infrastructure spending. 

REAL ESTATE

Construction.  Institutional and commercial.  They ran into trouble with some fixed price contracts which are basically behind them.  They are yielding about 7%.  They will get some benefit from infrastructure spending. 

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$6.950
Owned Owned
Yes

TOP PICK
Stuart Olson Inc(SOX-T) 

January 7, 2016

This got off the rails for a few years. Had some contracts that were fixed priced contracts that went into cost overruns, and that really hit their margins. They’ve had to reorganize and restructure, but are now at a point where they will benefit from infrastructure spending, whether provincial or federal in Alberta, BC, Saskatchewan, etc. in both their industrial side and their building side. The company is very well-placed and the balance sheet is in a lot better shape than it used to be. Debt to EBITDA is at about 2X. Dividend yield of 9.02%.

REAL ESTATE

This got off the rails for a few years. Had some contracts that were fixed priced contracts that went into cost overruns, and that really hit their margins. They’ve had to reorganize and restructure, but are now at a point where they will benefit from infrastructure spending, whether provincial or federal in Alberta, BC, Saskatchewan, etc. in both their industrial side and their building side. The company is very well-placed and the balance sheet is in a lot better shape than it used to be. Debt to EBITDA is at about 2X. Dividend yield of 9.02%.

REAL ESTATE
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$5.320
Owned Owned
Yes

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