RE:RE:RE:New Press Release - Aecon awarded contract for the Eglinton Crosstown West Extension Elevated Guideway project in Ontario
Alexcanada wrote: I trust management on this one, that's why I added another 15000 shares today at 11.80.
You seem to have atleast 45,000 shares of ARE which is worth a little over half a million dollars and generates over $33,000 per year and the only other holding you seem to have is SNC Lavalin which is in a very similar space... and if I'm correct it's likely significant also...
[My read as per your profile] This makes you a very risky investor, and difficult to take your thoughts very seriously for investment advice purposes as you are very highly consentrated to the construction sector and I expect you to have biases as you are likely working somewhere within the higher end of the sector and maybe have some sorta insider knowledge or dealings (I'm a tradesman for contractors that have worked with and around both names numerous times, so I put myself on that fringe also as I'm 'boots on the ground' at times). This is not a bad thing, as both are on an upswing and you are/will do very well (I'm on the ARE ride with you, at a significantly lower share count of 3000 shares, but also only about 11-12% of my portfolio value), but it is something to be aware of when reading your posts. And as far as the risk goes, if there is a downturn in the sector, you are going to get smoked... but the amount of secure infrastructure projects that both names are developing there is safety and somewhat defence there, it would take anouther prolonged COVID-like event to cause pain for the next several years.
Seems odd with that significant of investments and concentrations you would be chilling on a message board with mostly smaller retailers... If I had half a million in one name + other investments, I wouldn't be here reading and commenting with the Plebs! Thus you are better than myself, LoL.