RE:IBG mentioned on BNN todaystaythecourse wrote: In a commentary I just cuight at the end just before 1pm, IBI Group was identified as a BUY since it will be a beneficiary of Trumps's infrastructure plan given their 30% business in the US. Interesting that WSP was only rated as a HOLD.
They mentioned on the last CC that it will take some time for any US infrastructure spend to find its way to IBI. Frankly I'm a little concerned about the Trump wildcard, given his unprecedented protectionist standpoint. In particular, to what extent will US government expenditures be restricted to US domiciled corporations?
Other concerns of mine: the degree of pain that would come to IBI when the building boom in Toronto and Vancouver falls off, and the continuing fallout from Brexit (pound devlauation, uncertainty in UK etc.). I'll be very curious to see how the backlog has changed when year end numbers are released.
I'm still heavily invested here. I was going to sell down a bunch of my position but the insider buying just before quiet period convinced me to stick around. May still sell some in the near term if we bump up to $6.50 again, just to have some more cash on hand for when the markets turn.
In other news, I happened to see this article the other day - might be of interest to others. Very nice to see them continue to build their reputation:
https://www.reminetwork.com/articles/four-ibi-group-projects-receive-awards-q4/