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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

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.


TSX:ARE - Post by User

Comment by Alexcanadaon Dec 12, 2024 7:12am
71 Views
Post# 36358323

RE:RE:RE:RE:Cheerful season nothwithstanding

RE:RE:RE:RE:Cheerful season nothwithstandingHolding Aecon in the last 15 years was not a super bad proposition. However, you would have underperformed the index and take unncessary concentration risk in the meanwhile.

You could argue that time in the market is the most important thing but I disagree especially when holding a lot of shares of a single stock (ie. not the index).

Point of entry and exit are in my book the only thing that matters. At 29.70$, I do not see the value vs risk of short / medium term pullback. I agree with Gabriel's long term analysis but Mr Market is what it is : we should add to the equation :
- macro : current market is exhuberant and is bound for a nice correction
- adoption of nuclear energy. I am pro nuclear but it is still considered a very delicate subject here in Canada
- possible surprise about current and future LSTK projects.. Yes they provided us with a 'number' and the market has rewarded the stock for that but we are still not completely out of the woods. Also, not everything in the backlog is of PDB variety, thus exposing the sp to unforeseen consequences.

I'm slowly buying back 85% of my shares.
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