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TSE:ARE

Aecon Group Inc (ARE.TO)

43.71
-0.37 (0.84%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
277 watching
0
BUY
Has had a 50% gain, now has a pull back probably due to profit taking. Will probably go to $12.50 and that's where you want to buy. Get out at $11.50. $15 is max upside.
DON'T BUY
Owned and sold it a little early. Made a great job of a comeback. It went up a little too quickly. At 1.5 times book, he is not comfortable buying above book.
HOLD
(Market Call Minute) Solid Hold, safe, dividend is not the best.
BUY ON WEAKNESS
Sold ARE to buy SNC. He is positive on ARE. President did a great job turning the company around. Finally meeting expectations. It is a little expensive here. It has had a nice move. Wait for a pullback.
COMMENT
Infrastructure including oil sands, highways, etc. Trading at 22X earnings and might be overvalued at this price but there aren't many infrastructure/engineering companies left in Canada so could be a takeover target in a few years. (Owns a lot of their convertible debts and a little bit of their stock.)
COMMENT
Has had a stellar performance. When you see something almost double, he would be inclined to take a little off the table. Hasn't necessarily in its peak. There are a lot of projects going in the resources, infrastructure and transportation sectors. A lot of contracts.
COMMENT
Industrial space should do well where things are getting a bit healthier. Technically, it had the golden cross back in December where the 50 day moving average crossed the 200 day moving average. Also, stock price moved above the 200 day long-term trend in October. Very choppy company.
PAST TOP PICK
(A Top Pick Dec 7/10 Up 17.41%.) Got out of most of his holdings but is still holding convertible debentures. Have been winning and signing lots of contracts in the oil sands. Stock may have gotten a little ahead of itself.
DON'T BUY
Construction/production business. They were penalized on the fixed rate contract for Firebag 3, which cost them a lot of money. Good management. Recently sold his stocks but owns their debentures. Prefers Flint Energy Services (FES-T). This one trades at 1.4X Book and pays a $.20 dividend and is trying to get back on the green side on their balance sheet, but suspects the easy money has been made.
BUY
Have had some changes in management and have been making some good improvements in their operations. Have realigned some of their operations. Industrial side has not been doing too well but they work they do in infrastructure as being good or better than expected. Good price. (See Top Picks.)
PAST TOP PICK
(A Top Pick Dec 7/10. Up 7.61%.) Winning good contracts.
BUY
(He owns the convertible debentures on this.) He likes it as a debt holder as they have a very good balance sheet. Had a real misstep in Alberta and went through a lot of cost overruns. Management has now cleaned up their bidding process and they have a full order book. Expect there will be some outperformance over the next 3-4 years.
COMMENT
Every time they get a contract, it seems that the stock drops? The reason is that when they get a contract, the stock temporarily goes up and investors who own use that as an advantage to sell. They have also had some very poor years in the past, which doesn't help.
BUY
Have had some problems over the last few years but recently had a few positive announcements. There have been improvements in operations and some new contracts.
BUY ON WEAKNESS
Haddock acquired a company that had a pretty low margin business. Started to get better and get out of the low margin businesses. Traditionally very conservatively run. At this point you have to look at economic growth and how much it could help or hurt.
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