North American Construction Group Ltd T.NOA

Alternate Symbol(s): NOA | T.NOA.DB.A | T.NOA.DB.B

Energy Oil & Gas Equipment & Services

North American Construction Group Ltd. is a Canada-based company. The Company provides a range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. Its segments are Heavy Equipment - Canada, Heavy Equipment - Australia, and Other. Heavy Equipment - Canada and Heavy Equipment - Australia includes all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes its mine management contract work in the United States, its external maintenance and rebuild programs and its equity method investments. The Company provides a range of mining and heavy construction services to customers in the resource development, and industrial construction sectors.

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North American Construction Group Ltd > Trevor Rose's Insights - Buy on Weakness

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Post by Possibleidiot01on Jul 31, 2023 8:21pm

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Post# 35565820

Trevor Rose's Insights - Buy on Weakness

BUY ON WEAKNESS

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The stock was also up on very strong earnings, with EPS more than 14% ahead of estimates and sales more than 8% ahead. For a $900M company, the $395M acquisition is very significant. NOA entered Australia two years ago, and this deal instantly gives it scale and market share, and allows it to serve its global customers better. It also further diversifies its overall business. It adds about 1,400 employees and a $4B backlog. It is highly accretive to sales and earnings. Debt-financed, there is risk, but the earnings boost is substantial. We think it is a solid deal, and the stock remains cheap overall despite the gains last week.
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