Aecon Group Inc T.ARE

John Zechner - BNN - SELL

[Possibleidiot01]

SELL

Aecon Group Inc(ARE-T)

02/12/2024

 

Good move recently. Benefiting from capital infrastructure spends in Ontario, and this will continue to increase. Nothing wrong with the name, but there are cheaper plays like ATRL and NOA. See his Top Picks.

contractors

 

$28.890

Not owned

[Gabriel]

Thanks. While I don't see this on BNN (I see the Buy of Bruce Campbell in the link below), I am yet to understand how ATRL with an Adjusted EBITDA of 388.7B (press release in link below says 16.9% on 2.3B revenue in Q3) and a market cap of 13.3B based on 175.4m shares *76$, is cheaper than ARE with and Adjusted EBITDA OF126.7B in Q3 and a market cap of 1.8B based on 62.38m shares *29

[Gabriel]

Actually the Atkins Q3 conference call slides (slide 16 line 2) say EBITDA was 276m not 388m (I mistakenly took revenue for net revenue). So Atkins' EBITDA is 2.1x higher but trading 7.4x higher.  Now what about the performance of this Einstein - annualized 5-year is negative so not even covering inflation. Impressive it is. https://jzechner.com/private-wealth/global-hedged-growth-fund