Aecon Group Inc T.ARE

Raymond James

[zutfie]

 Aecon Group is still a "show me stock," according to Raymond James. Analyst Frederic Bastien says in a note that the construction company has a lot going for it, notably its recent $200 million contract for critical refurbishment work at a power station in Virginia. But Bastien says recent challenges in ring-fencing losses from legacy fixed-price projects is a drag keeping his firm on the sidelines. "With the year-end audit likely to bring more losses, and the seasonally weak first quarter unlikely to act as a catalyst, we believe investors will have a chance to revisit Aecon at a later date," he says.

[Gabriel]

He said the same thing when SNCL/AtkinsR was trading at 22$ October 2022. In February we were already above 30$ on 658,000 shares. Proof of ownership below for reference. He even recognized a few months later that he had missed it. https://www.dropbox.com/scl/fi/reqvdppt0pr9mm5lcc05d/IMG_3489.jpg?rlkey=vfjsc3gwrbp2h73zccyd7df94&dl=0

[Gabriel]

SNC went above 45$ within a year of Bastien's analysis. Doubled while he was on the sidelines. So was Sytchev from the National Bank. He too was on the sidelines. Good for us. https://www.dropbox.com/scl/fi/twala0hxwg4xsy2ec93x8/IMG_3489.jpg?rlkey=hqsrrdlifa56lb9yewn1y5b84&dl=0

[Alexcanada]

I like to buy shares on the cheap from the sellers following 'analysts' advices. Most of the time, they will raise their target once the stock has already recovered and same pattern on downturns. Anyway, stock has already recovered from ex dividend.. 

[goldens]

Even RBC has their target at $10 so we are well above that target and moving towards their so called "upside" target. Somebody know something, perhaps they have come to agreements with respect to the legacy contracts. Also don't forget about their airport revenue and with people back to traveling we could see that adding significantly to their bottom line. I'm guessing 24 is

[Henrye]

Re Aecon , please see my comments on Snc stockouse regarding my food for thought in my humble opinion.  Enjoy the ride!

[Gabriel]

Good post, thank you for posting. What's not to like: 1. Cash above 400m equating to 6.5$ per share. 2. Concessions valued at 285m or 4,5$ per share based on recent sale of stake in the Bermuda airport concession and the rest ar book value. 3. Nuclear with 700m revenue and approx 100m EBITDA which should be valued at 700m or 11.5$ per share. 4. EBITDA last Q3 of about 123.1m excluding

[Henrye]

Equally magnificent post that makes tons of sense. You hit a BULLS eye!! Bang on!!!  I said I was conservative with 25$+ , but you were courageous to frankly tell the truth!!! The so called analysts , would not have the guts to remotely think like us ! They mascarade as experts but always play safe and are basically lazy to rip the company into compartments as you so meticulously and

[Gabriel]

Thank you too for posting. Since Aecon is in my line of business, I have also known and have spoken with John since the Armbro days, when he built the 407 and the trans-Israel highway. Agree with every word you say including that he is a great gentleman but I am a shareholder of this year only. One other positive I did not mention in my previous post is that we have negotiated settlements on 3

[Henrye]

Wow , we are now lol both disclosing our age .  I watched the CN tower be built as I worked near by in a bank tower as an accutiing student as well now live within 5 minutes to 407 as well used hwy 6 in Israel on numerous of occasions as we own a mega manufacturing company in Northern Israel.  I originally bought Aecon/Armbro for 10 cents before it reversed 10/1 after they fell from 70$

[goldens]

I think anyone that bought after the last report is laughing at RJ and the price has "showed them". Anyway I believe ARE is going nowhere but up and I'll simply continue to collect that juicy dividend while we wait for this to top $20 (which may be a while but this is a quality company).

[Henrye]

Hello again, NEW AECON is a Huuuuuuge bargain at 13 or 14 or even 15$ ++ as I have been giving you all a heads up for the past few days! DONT sell , BUY MORE if you have any spare change!!!  There is alot that is happening behind the scene! Totally ignore the know nothing analysts after year end conference call as they will find a reason to beat up on the stock and frighten you all to

[itsalie]

Added 5000 shares two weeks ago.. feeling like Wile E. Coyote