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Bird Construction Inc T.BDT

Alternate Symbol(s):  BIRDF

Bird Construction Inc. is a Canadian construction and maintenance company operating from coast-to-coast-to-coast. The Company provides a range of construction services from new construction for industrial, infrastructure and institutional markets; to industrial maintenance, repair and operations (MRO) services, heavy civil construction and mine support services; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. The Company uses a variety of contract delivery methods, including construction management, cost plus, integrated project delivery (IPD), alliance, progressive design build, stipulated sum, unit price, standard specification design-build, alternative finance projects, complex design-build, and public private partnership (PPP) contract delivery methods. It specializes in civil infrastructure construction across a wide array of projects, such as airports, seaports, rail, bridges and structures, earthworks, energy projects, and utilities.


TSX:BDT - Post by User

Bullboard Posts
Post by baskcha1on Sep 07, 2020 12:06pm
246 Views
Post# 31517852

A must read for Bird Investors...

A must read for Bird Investors...https://www.enr.com/articles/49844-canadas-heavy-construction-sector-gets-a-player-shakeup

Canadian contractor Stuart Olson, based in Calgary, is set to be acquired by larger domestic rival Bird Construction, headquartered in Mississauga, Ontario.

The deal between the two publicly held firms, both traded on the Toronto Exchange, is set to close in the fourth quarter.

It would create a major Canada contractor with a current combined workforce of about 5,000, total backlog of more than $2.25 billion, $750 million in joint pending backlog and close to $2 billion in estimated revenue—despite the "modest takeover price" of about $77.3 million, says Toronto-based analyst Maxim Sytchev with National Bank of Canada.

Sytchev remains bullish on Bird, maintaining his outperform rating on its stock and with a price target of $10 a share, noting that is “quite large for a stock trading at $6.70.” Bird’s management team also has a good track record in incorporating new assets acquired from other companies, he said.
 
Bullboard Posts