Aecon Group Inc (ARE.TO)

She has WSP-T instead because it is only a consulting company. Construction is where these companies would get into problems. WSP-N just bought a company in environmental services in the US and this is a very attractive market to be in. She would buy it after a pull back.

Puzzling. ARE wasn't effected either way by the pandemic. They had a $7.5 billion backlog, an all-time high when the stock is at a 5-year low. Puzzling why this stock hasn't taken off. Perhaps the confessions on the Bermuda airport and Toronto's Eglinton LRT project have hurt them, but will be valuable down the road. Their base business is growing profits, revenues and cash flow. Pays over a 4% dividend. ARE is overlooked. (Analysts’ price target is $19.95)

BAM vs ARE? He likes BAM and it is a core holding. They are involved in infrastructure with great cash flowing assets. In a low interest rate environment it will continue to do well. ARE is benefiting from taking on fixed pay contracts, which he views as being a little more risky. He would favour BAM.

Likes it. It's an infrastructure play with decent projects in the pipeline out west. They're well-positioned. If you've come out of SNC Lavalin, ARE would be a great play. Buy this for the long term, not six months. Infrastructure will happen, for example, we need more energy infrastructure.

They have had a lot of contract wins lately. They won the TransMountain Expansion project, for example. They are working on the Gordie Howe bridge in Windsor. There has been a concern regarding order back logs. With a minority government now, he thinks there could be another push towards infrastructure projects. Better to own than SNC Lavalin.