RE:Good AnswerI was surprised by the following.
TerraVest Industries Inc., a manufacturer of home heating products and gas transport vehicles, is expected to be added to the index as well, according to a recent report from analyst Jean-Michel Gauthier at Scotiabank. TerraVest’s stock price has risen more than 200 per cent in the past 12 months, boosting its market capitalization to $2.2-billion.
Its stock is relatively thinly traded, and Mr. Gauthier said that if it does join the index, passive investors will need to acquire 600,000 shares, equal to 13.6 days of trading volume. Passive buying of Aecon shares, a more liquid company, would be equivalent to 5.4 days of trading.