Aecon Group Inc T.ARE

US Contractor Tutor Perini reported - Up 8% afterhours

[Gabriel]

https://www.businesswire.com/news/home/20240228767188/en/Tutor-Perini-Reports-Fourth-Quarter-and-Full-Year-2023-Results

https://ca.finance.yahoo.com/quote/TPC?.tsrc=fin-srch

[Henrye]

Wow , read it, scratching my head!  It's like an Haley's comet ! How does one fall asleep after reading and digesting it? Gabriel , how did you manage to zero in on this company?

[Gabriel]

TPC is a well known player. Up 24% today based on reduced uncertainties. Our day will come some day.

[Alexcanada]

It will Gab, as it did with SNC. Let's see tomorrow morning.

[Gabriel]

SNC up 10% despite losses and increased LSTK backlog on Trillium and Eglinton. 

[Henrye]

Gabriel, your favourite move to repurchase shares just has been announced by Snc . Their comment, " best way to use funds at the moment "  Anxiously waiting for the same move by Aecon asap , while they can at the dirt cheap prices!!! Hope your preaching of share repurchase materializes!!! It would spark a appropriate signal. 

[Gabriel]

You should tell the board. I did.

[Henrye]

Did 3 weeks ego

[Alexcanada]

Technically they can but I think that it would be a bit premature to do it. Maintain the dividend, get rid of the LSTKs, get some compensations, etc. then buy back some shares even if you have to pay a little bit more for them.

[Gabriel]

Thank you.   

[Henrye]

Gabriel, we need one or possibly 2 new positive news releases on  March 4th and 5 th ahead of earnings on March 5 at 5 pm . Announcing and introducing the new CFO would be welcomed as one of the announcements rather then doing it cold turkey on March 5 th , 5 pm release. Perhaps Aecon and board has not yet been successful at attracting the ideal CFO and a short term in-house  interim

[Alexcanada]

ATLR to purchase Aecon ? nope  why would they ? to add legacy projects while they (ATRL) did everything they could to get rid of those in the last few years ! ATRL is turning into a pure Eng. firm.  Aecon does not have the same profile. And tell me why would the introduction of the new CFO lift the sp substantially ?

[Henrye]

Hello  Everyone knows the  end game on the legacy projects and all the shortfalls and negotiations to resolve appear  to be favourable to Aecon and we shall soon find out.  The old Aecon WAS as you say a HOT  potato and therefore frankly no one would approach it.  On the other hand, today, we all can trust the managements painstaking effort to create NEW AECON, a

[Henrye]

I should ad , I did not say that announcement of new CFO would lift the sp.  What I am looking for is, that it would lift the spirit and a breath of fresh air.  Imagine the old Edmonton hockey team while having Wayne Gretzky on the team, suddenly they brought Paul Coffey . Would this move not make the entire team more euphoric knowing that this move will start the march to several

[Henrye]

Sorry re typos 

[Henrye]

Teri Mc Kibbon was president, COO and CEO at Aecon 

[Dibah420]

"If we think the shares of Aecon could skyrocket to $80 per share, then obviously they or others, certainly know the intrinsic underlying value that Aecon is blessed with and minus the 4 legacy projects ( actually 3 with Gordie Howe bridge no longer an issue) that Aecon is no longer a lemon but significant peaches and cream asset." Who is "we" and what are "we"