Aecon Group Inc T.ARE

Key takeaways from Vegas.

[Henrye]

Jerome and Adam confirmed that more then 6 billion will still be priced on 5 major awarded projects .
That all the new Airport awarded projects just recently are estimated to be worth 2X the size of Aecons Bermuda project.
They emphasized the outlook for Nuclear remains strong and they claimed that the Nuclear space expands beyond traditional Nuclear work as projects may require Civil, Industrial, Hydro , and /or Utility solutions as well. 
Management highlighted that there is a potential for the company to increase its NCIB / buyback activity. 
All other questions and answers were  all known to us .

[Ronbromleygross]

Henrye I am confused.  Did Aecon already win that $6b or are we yet to price them and hopefully win them?  If we win then is it priced into our backlog yet?? I may have missed a few messages but I am usually very thorough  Ron 

[Henrye]

Hello R , it's straightforward, they already have been awarded all these contracts, but as of now still remain unpriced to assure no more problems in taking risks and in great detail pricing meticulously to avoid legacy type of problems. Its all good to take time and do tons of homework. But yes , 100% expect the new massive backlog to materialize very soon. Plus there are many over and above

[Ronbromleygross]

Ok thanks for clarifying 

[Gabriel]

They are being designed under the collaborative mode so the final cost is estimated based on preliminary designs so the construction portion of the contracts is pending and is not yet reflected in the backlog. Thank you Henry and thanks DCF. I bought 9,000 shares yesterday and saw the price on the low side before the open so I placed an order at 20.26 before the bell. It did not get filled..

[Henrye]

I noticed there are sellers taking profits and selling prematurely to new serious investors who soon will be prepared to pay $30 to $35 and beyond !  All infrastructure companies are no longer chasing large projects and quoting recklessly just to score a high profile job . Today there is "THE NEW WAY " strategy to quote with accuracy and confidence for an absolute adequate ROI  

[Alexcanada]

I took 10% off the table today. I'm expecting some kind of pullback. SP went up more than 40% since the last drop 2 months ago. I think there will be some heavy resistance around 22$ or so. I want confirmation that this huge backlog will be profitable. I'm planning to keep 50% of my shares once my targets are reached and ride it forever.

[Henrye]

Good strategy. I on personally level will hold on till the cows come home. With absolute certainty there will be ups and downs on way to $35 . Here is my main reason as to why I will amass more and not part with a single share . As we know low interest cost is essential to stimulate M&A . It is now anticipated and projected for 2 or more interest rate reductions by year end!  Knowing

[Gabriel]

I have actually beaten Ted in annualized returns with the same approach.  Ted Weschler's Peninsula Capital Advisors achieved exceptional returns during its operation. From its inception in 1999 until Weschler closed the fund in 2011 to join Berkshire Hathaway, Peninsula reportedly delivered compounded annual returns of around 1,236% over its 12-year period. This equates to an average