Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

Industrials Engineering & Construction

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.

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Aecon Group Inc

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Comment by generaldiscon Nov 12, 2014 10:15am

180 Views

Post# 23120107

RE:Not the same..imo

LongRoad wrote: From where I stand the problem lies with their growth at all cost approach led by John Beck during this period.

That wasn't John Beck - that was all Scott Balfour's fault.
He led Aecon into these low margin, high risk, fixed cost bid contracts.

He was a greedy, incompetent, corporate ladder climber.
He drove Aecon into the ground but personally benefited a lot via a handsome severance package.

John Beck steadied the ship, and turned the company around from its 2010-2011 lows back to over $18.50.

It is sad that no sooner had John Beck retired that the share price started going down again.

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