Buy On Bad NewsOn the theory of 'buy (good companies) on bad news'....i'm in!
ARE has been on my watch list for awhile now....and i believe this is an excellent entry point! At this price should get a nice little dividend of about 2%....with assumed continued dividend increases down the road....with excellent mid to long term growth profile and equity upside. Also think they pretty well 'stole' Cow Harbour....and this acquisition should give them terrific increased exposure and rev from oil sands .....which i'm guessing are going to be around for awhile yet :)
This is a well managed company and am confident w/in a couple quarters we'll start to see a meaningful turn-around in their building & industrial divisions.
There's crumbling insfrastrure everywhere....not to mention massive emerging new build projects on the horizon...so confidant ARE is a great long term buy at this price!
Happy investing and GLTA longs!