Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

Industrials Conglomerates

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 > Meesha - It is a sale of the utilities br. for the US market

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Comment by tripleon Oct 25, 2023 4:10pm

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Post# 35700849

RE:RE:RE:RE:Meesha - It is a sale of the utilities br. for the US market

I agree with meesha that it is a bad deal for aecon considering the high interest rate and timing. Eglinton must be very bad, like it won't be completed in 2025 and they have to take another 100million loss this quarter. However, if our investment horizon is 5 years or more, the deal doesn't matter, it is a cheap stock. Let us see what happens today.

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