Bird Construction Income Fund (BDT.TO)

They have exposure directly to energy bit also to construction out west. He has been short the stock since the energy decline.

This is a stock that has done well and pays a dividend. Getting beaten up a little bit in this market. If you are concerned about things slowing down out West, you want to factor this into your valuation. These construction firms can lose contracts fairly quickly. Pipelines and backlogs are not guaranteed revenues, and can disappear if oil prices get really weak.

When he looks at the sector, one that he is contemplating adding to his portfolio is Aecon (ARE-T), which reported yesterday and the stock fell off. Feels the fundamentals are a little bit better. At this point in the cycle, you are really making a bet that there will be an increase in infrastructure spending, which he thinks we are on the verge of.

Thinks there is M&A activity. He loves this whole sector. $12 is a good buy range. Thinks it could go a little bit higher toward the top of the channel. Loves the sector and the company.

Extremely well managed and conservatively managed company. You never have to worry about their balance sheet. They are on the edge of a pretty big infrastructure spend in both Manitoba and Western Canada and will do well out of that. Has been looking at this again. Good potential. 5.4% dividend yield.

Churchill Corp (CUQ-T) or Bird Construction (BDT-T)? Would have a hard time choosing between these. They have different components. This is a very, very well run company. They are probably the best in the sector in terms of extracting margins, consistency, dividends and shrewd acquirers.

He likes the whole sector. Came out with some good earnings. The pipeline is being filled in with new jobs all the time. Great company.