Aecon Group Inc T.ARE

New Press Release - Aecon awarded contract for the Eglinton Crosstown West Extension Elevated Guideway project in Ontario

TORONTO, Dec. 15, 2023 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that it has been awarded a $290 million design-build contract by the Ontario government for the Eglinton Crosstown West Extension (ECWE) project's Elevated Guideway in Toronto, Ontario. The value of the contract will be...read article.

[TimeBuilder]

Really hope this NEW deal is COST PLUS & NOT fixed price COSTING with NO overrun escape clauses & hope Aecon has learned a lesson from their past contract price structures...ONLY  commenting  as a very long term Investor in ARE.T JMO

[Alexcanada]

I trust management on this one, that's why I added another 15000 shares today at 11.80.

[theorlando]

On 15000 shares gets you a div of 2775.00 

[theorlando]

thats for Dec 21

[JayBanks]

  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

[Alexcanada]

At the moment I do not hold any SNC shares. Sold most between 43-44$ a few months ago. Rebought some under 40$ and resold the last of them yesterday. Bought my first SNC shares in december of 2019 right before COVID.It took roughly 2 years and a half for that investment to be successful and I'm very happy about it. As for Aecon, my position is now way bigger than 45000 shares (but much

[JayBanks]

Haha, I didn't see a sell notice on your SNC messages when I checked... I agree over diversification is bad! Most people that own 50 stocks own multiple names that do the same thing and do it defensively rather than offence. You are of similar thoughts on me on this name, I've been accumulating through put options that get exercised (because I don't care if I collect the premium or

[Pandora]

And you only had to put out $177,000 to do that. If I had $177,000 to invest in a stock I would think I had died and gone to heaven!