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Atco Ltd ACLLF


Primary Symbol: T.ACO.X Alternate Symbol(s):  ACLTF | T.ACO.Y

ATCO Ltd. is a Canada-based diversified company. The Company’s Structures & Logistics segment offers workforce and residential housing, modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defense operations services, and disaster and emergency management services. Its Canadian Utilities Limited segment includes ATCO Energy Systems, ATCO EnPower and Retail Energy. The Neltume Ports segment includes the equity interest in Neltume Ports S.A., a port operator and developer based in South America. Neltume Ports operates 18 port facilities and five port operation services businesses located in Chile, Uruguay, Argentina, Brazil and the United States. ATCO Corporate & Other includes commercial real estate owned by the Company, intersegment eliminations, Ashcor, a business engaged in the processing and marketing of live ash and ash reclaimed from landfills, and Fresh Bites, which is engaged in food services.


TSX:ACO.X - Post by User

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Post by luscar99on Mar 02, 2024 10:41am
182 Views
Post# 35911059

On the right track

On the right trackGood quarterly results. Impressive beat of consensus earnings by 13% !

I was concerned they might have overpaid for Neltume Ports, but it seems they have longer term strategic goals with that foothold purchase as they are now using the expertise to expand in the shipping/ logistics business.

The stock has been caught in the downdraft generated by high interest rates. 
Undeserved in this case, because while they do have high-ish debt they also enjoy remarkably low cost of capital.

I expect a run towards $40/ share within the next 2 weeks.

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