| TOP PICK | 49.940 | Shauna Sexsmith | A truly global company. Benefiting from the infrastructure move. There is talk of $41 trillion spent globally over the next 25/30 years on infrastructure. Canada alone will have to spend at least $50 billion. Very steady earnings growth and very consistent stock price growth. | 2008-08-26 | |
| Comment | 52.700 | Michael Sprung | In the infrastructure group he looks at Aecon Group (ARE-T) SNC Lavalin (SNC-T) and Stantec (STN-T). From a valuation point of view, he prefers Stantec. | 2008-08-14 | |
| HOLD | 52.450 | David Driscoll | Good long-term growth. Some accounting concerns about their backlog. Would be good buy at $45 range. | 2008-08-11 | |
| DON'T BUY | 53.200 | Gordon Higgins, CA, MBA, CFA | Toll roads around the world are all weaker, which would be about $.50 of their valuation. Also bidding on some new nuclear plants and it is very lumpy whether they win them or not. Fully valued. | 2008-08-08 | |
| WATCH | 53.200 | Paul Thornton | World-class engineering firm. Holding up far better than most stocks. Currently near the low of about 2 months ago. Would like to see a move towards the low all or a move up to about $57. | 2008-08-08 | |
| DON'T BUY | 57.200 | Brian Acker, CA | On an asset basis, model price is only $28.64 giving a -47% differential. Not a pure infrastructure play because of their ownership of highway #427. | 2008-08-06 | |
| PAST TOP PICK | 54.810 | David Burrows | (A Top Pick Aug 9/07. Up 30%.) Has global exposure and earnings visibility. Also have positive earnings revisions. Has a stoploss at about $51. | 2008-08-05 | |
| Comment | 55.020 | David Cockfield | Excellent stock. Long-term growth situation. There is a need for big projects globally, which these guys are good at. Is hoping to buy at around $50. | 2008-08-01 | |
| BUY | 55.260 | Jeff Parent | Likes infrastructure stocks. 200 day moving average shows a lot of nice support. Recent rally was quite steep so is pulling back now with a chance it could go back to $50 but is still in an uptrend. Use the 200-day moving average as your stop. | 2008-07-30 | |
| BUY | 54.600 | Norman Levine | Infrastructure has been ignored for too long and governments are starting to address this issue. A lot of money will be thrown at it over the next number of years. Companies that can be looked at would include SNC Lavalin (SNC-T), Aecon (ARE-T) and on a global basis Royal Boskalis on the Amsterdam exchange. | 2008-07-21 | |
| BUY | 52.930 | Bill MacLachlan | SNC Lavalin (SNC-T) vs. Stantec (STN-T). Owns both, but prefers SNC at this time because of their global reach, infrastructure and expertise. Their order book is full to bursting. Their major infrastructure projects are going to have to go ahead. | 2008-07-17 | |
| PAST TOP PICK | 53.760 | David Burrows | (A Top Pick Aug 9/07. Up 30%.) Infrastructure continues to work in spite of a very difficult environment. Involved with long life projects. Still a Buy. | 2008-07-11 | |
| HOLD | 56.500 | Pat McKeough | Very high compared to current earnings. | 2008-06-20 | |
| BUY | 57.910 | Ron Meisels | A typical stock where you sit back, relax and don't worry about it. In a major uptrend. One of two major construction companies (AECON ARE-T) in Canada. Above its 200 and 50 day moving averages. | 2008-06-19 | |
| BUY | 59.050 | David Burrows | Still likes this one. | 2008-06-16 | |
| BUY | 56.650 | Stephen Carlin | (Market Call Minute.) Great company. Going to grow globally for an extended period of time. | 2008-06-03 | |
| TOP PICK | 53.440 | David Baskin | Likes global infrastructure renewal. Basically every kind of industrial infrastructure has been under invested in the last 40 years. Huge order backlog. | 2008-05-27 | |
| BUY | 49.820 | David Baskin | This is his favourite infrastructure name. | 2008-04-22 | |
| Comment | 47.350 | Peter Brieger | Likes the infrastructure area, both North American and global. This one is a leader along with Fluor (FLR-N) and Jacobs (JEC-N). Prefers Stantec (STN-T), which is the cheapest for the next 3 years on the consensus earnings per share. | 2008-04-17 | |
| TOP PICK | 46.740 | Don Vialoux | Excellent position to take advantage of a lot of the huge projects that are coming. Trendline is on the up side and it has recently broken through a couple of resistant levels. | 2008-04-03 | |
| BUY on WEAKNESS | 43.190 | Robert Floyd | Infrastructure development company.
More international in scope.
Would buy in, on the high 30's. | 2008-03-20 | |
| DON'T BUY | 43.000 | Michael Sprung | Canada's global competitor in engineering and infrastructure. All of the infrastructure companies have been doing very well. It always looks expensive to him. He would prefer in these $36 level. | 2008-03-05 | |
| BUY | 43.020 | Robert Floyd | Thinks it is at a decent entry point. International in scope. | 2008-02-29 | |
| PAST TOP PICK | 44.150 | David Baskin | (A Top Pick Feb 13/07. Up 28% including dividends.) Global infrastructure play and this is a sector he feels very strongly about. | 2008-02-19 | |
| PAST TOP PICK | 42.180 | David Burrows | (A Top Pick Aug 9/07. Down 1.4% including dividend.) Got out of the stock about 2 weeks ago. Infrastructure is one of the spaces where you could make some real money over the last year. Have a good visibility going forward so watch this space to invest in as the market returns. | 2008-01-18 | |
| BUY on WEAKNESS | 43.300 | Robert Floyd | General market conditions have created the downtrend in the stock. Has international exposure. If it drops a few more dollars, it would be worth another look. | 2008-01-15 | |
| PAST TOP PICK | 44.510 | Bill Carrigan | (A Top Pick Feb 1/07. Up 28.7%.) An infrastructure long-term play. | 2008-01-09 | |
| PAST TOP PICK | 48.690 | David Cockfield | (A Past Top Pick Dec 27/06. Up 52.1%.) Multiples got a little bit high so he took some profits. Still likes the area but the stock is a little bit expensive. | 2007-12-21 | |
| TOP PICK | 48.000 | David Burrows | Seeing global infrastructure. This one is located in 100 countries around the world. Great visibility in earnings. | 2007-12-04 | |
| BUY on WEAKNESS | 47.040 | Norman Levine | An infrastructure company and growing around the world. They are in exactly the right spot. Should continue to do well. Would be more comfortable paying in the lower $40's. | 2007-11-09 | |
| Comment | 49.200 | Peter Brieger | Infrastructure companies such as this, Jacob’s Engineering (JRC-N) and Fluor (FLR-N) have been on a real run. Knock off $8 or $9 due to its holding of the highway #407. This puts the stock down to $40. Would prefer Stantec (STN-T), but does like this one. | 2007-11-06 | |
| Comment | 48.920 | Michael Smedley | Tremendous giant engineering consultancy and owner of properties. Would consider buying on a dip. | 2007-10-31 | |
| HOLD | 49.100 | Bill Carrigan | Very strong up trend. There are a lot of things going for this stock. It's an infrastructure play and just about every institution wants to have some of this and there's not a lot of choice in this. Probably headed higher. Currently it is at the top of the growth channel. If you are acquiring, try to get it at the bottom of the growth channel. | 2007-10-10 | |
| HOLD | 39.750 | Robert Floyd | Would wait for a significant pullback. Have a few operational issues because of margin problems on some of their large contracts. | 2007-09-14 | |
| HOLD | 40.940 | John O'Connell, CFA | A very is one company. A lot of infrastructure replacement has to be done and they will get their fair share of it. Could suffer a bit of a slowdown if mining slows down, but all signs for the foreseeable future are positive. | 2007-08-27 | |
| TOP PICK | 42.240 | David Burrows | An infrastructure play. The group is doing very well. Have a great order backlog. Good diversification. Revenue continues to grow. | 2007-08-09 | |
| Comment | 42.240 | Michael Smedley | In the consulting, engineering, infrastructure related area. Good area. | 2007-08-09 | |
| SELL | 40.960 | Peter Gibson | There is some evidence of profitability deteriorating. | 2007-07-16 | |
| Comment | 38.900 | Peter Brieger | Have owned from $15. Recently took some profits. Currently sells at 26 times multiple, (very high). Portfolio perspective is a 3 to 4% holdings. | 2007-06-29 | |
| BUY on WEAKNESS | 40.870 | Michael Sprung | One of the premier engineering firms in Canada. A global footprint. They've participated in nuclear power plants in China, and major projects globally.
Run-up is due to their announcement of contracts.
Would prefer to buy below $30.
| 2007-06-15 | |
| HOLD | 38.870 | Ron Meisels | He likes this chart. If it has a correction it may go down to 35, but it's a stock to hold. | 2007-06-13 | |
| TOP PICK | 38.450 | Bob Stodgell | A huge infrastructure play. Any big infrastructure, highways, etc that has international scope. Revenues are diversified.
It's expensive, but worth it.
He has bought from low $30's to $38.45 | 2007-06-11 | |
| HOLD | 38.100 | Michael Sprung | One of the premier engineering construction firms in Canada. The valuation is ahead of where he would be comfortable buying. | 2007-05-28 | |
| HOLD | 38.170 | David Burrows | Over the last 3 or 4 years, have been very bullish on this stock. Recently shorted it, due to the price activity, then the stock has come roaring back. Today the stock has broken out to a new high. | 2007-05-16 | |
| BUY | 32.290 | Peter Brieger | You are paying 22 to 24 times earnings, but that is normal, for this type of stock. Pull back is just part of the nervousness. | 2007-05-02 | |
| BUY | 32.290 | Peter Brieger | You are paying 22 to 24 times earnings, but that is normal, for this type of stock. Pull back is just part of the nervousness. | 2007-05-02 | |
| BUY | 31.940 | Michael Smedley | A growth/value stock. A very big company. | 2007-05-01 | |
| Comment | 31.600 | John Zechner | | 2007-04-25 | |
| DON'T BUY | 31.640 | David Burrows | He is actually Short this stock. Stock had gone to a very high valuation. There has been consistent ratcheting down of earnings expectations over the last couple of quarters. | 2007-04-24 | |
| Comment | 32.500 | Robert Floyd | Had some cost overruns in some of their contracts resulting in some penalties. It could head lower. Might be a reasonable entry point. | 2007-04-19 | |
| Comment | 32.690 | Veronika Hirsch | Very well managed and in a fantastic space. Stumbled recently. Amount of business has increased so much that competition on bids is not as great a problem, giving fatter margins. | 2007-04-18 | |
| HOLD | 32.690 | Peter Brieger | A great story and part of his infrastructure theme going forward. Expensive at 24 X this year's earnings. | 2007-04-18 | |
| Comment | 32.720 | Norman Levine | In the short term, it looks like it could have some near-term downside. In the long-term, this is Canada's premier global infrastructure play. Good long-term hold. | 2007-04-16 | |
| BUY | 33.590 | Ian Nakamoto | Earnings should really start to ramp up because of their equity stake in highway 407 in Ontario. Margins will start to improve. | 2007-03-29 | |
| BUY | 33.280 | Bill Carrigan | The longer term is favourable because of the infrastructure play. Chart indicates it is at the bottom of the growth channel and as long as it doesn't break down through that, it should be OK. Expect institutions will be buying on this pullback. | 2007-03-27 | |
| PAST TOP PICK | 35.250 | David Cockfield | (A Top Pick Dec 7/06. Up 9.6%.) An international growth stock. Backlog of projects for a decade. | 2007-03-15 | |
| HOLD | 35.340 | Peter Brieger | Likes the infrastructure area. Compares this company to 2 others and this one is at 26 X 07 earnings while the other two are at about 22. Very overpriced, but he doesn't have the courage to sell it. | 2007-03-02 | |
| TOP PICK | 36.300 | David Cockfield | Looks expensive on a multiple basis but worth buying and holding. 1st class Canadian engineering firm. A good way to invest offshore. High demand means good margins. Strong backlog. | 2007-02-23 | |
| Comment | 36.510 | Larry Berman CFA, CMT, CTA | In the top part of an upward trend channel and there may be another couple of $’s. | 2007-02-21 | |
| BUY on WEAKNESS | 36.400 | Michael Sprung | Would consider buying in the low $30's. If you own, consider taking profits. | 2007-02-20 | |
| HOLD | 35.730 | David Driscoll | Outlook is positive, but he doesn't like the price it’s trading at. Would prefer it in the $23-$25 range. Infrastructure building globally is what is keeping them going. Very solid company and good holding in anybody's portfolio. | 2007-02-15 | |
| BUY | 35.510 | Stephen Carlin | One of the best industrial companies in the country. Perennially expensive. Prospects going forward continue to be exceedingly strong. | 2007-02-14 | |
| BUY | 35.510 | Ron Meisels | Had a breakout above the Top formation of $32. A great stock to have. | 2007-02-14 | |
| TOP PICK | 34.800 | David Baskin | A giant global construction company. A good way to play infrastructure. Building a very diverse set of giant projects. Highway 407 became profitable in the last quarter. | 2007-02-13 | |
| BUY | 34.650 | Norman Levine | Canada's premier international engineering company. Infrastructure spending around the world is strong and taking off. Has just acquired 2 US companies. | 2007-02-12 | |
| TOP PICK | 36.090 | Chris Smith | If you put $9 value on Highway #407, the stock is trading at 18.5 X 07. Huge backlog at over $11 billion. All the major companies in the infrastructure sector are doing extremely well. | 2007-02-07 | |
| TOP PICK | 35.370 | Bill Carrigan | This is a choice on his global infrastructure theme. Has had a big Bear and is starting to break out. | 2007-02-01 | |
| Comment | 35.500 | Peter Gibson | Stock looks OK, but not spectacular. ROE reasonable. Getting a little expensive now. This is a name that he likes. | 2007-01-30 | |
| BUY on WEAKNESS | 35.670 | John O'Connell, CFA | Great growth story for the long haul. Always looked expensive because of its major assets. If you believe in the long-term infrastructure build, commodity boom and the China play, this company is well positioned. You may be able to get it a little bit cheaper if you wait. | 2007-01-25 | |
| TOP PICK | 32.650 | Michael Decter | One of the top 10 engineering firms in the world. Have a huge backlog. They are better equipped than any other company to do business in developing economies. | 2007-01-18 | |
| DON'T BUY | 32.150 | Brian Acker, CA | His model price is substantially below the current market price. This stock is not mispriced, but over the long-term you do well on it simply because of their Highway 407 asset. | 2007-01-17 | |
| PAST TOP PICK | 30.400 | David Baskin | (A Top Pick Jan 4/06. Up 18.3%.) Global infrastructure is a theme he believes in. They have a record backlog in the billions of $s in big projects around the world as well as owning highway 407, where the tolls just went up again. | 2007-01-10 | |
| Comment | 30.440 | Michael Sprung | Prime engineering company in Canada. Global in their scope. Thinks there will be a lot of major capital spending going forward. This is a company he would look at. | 2007-01-05 | |
| TOP PICK | 31.510 | David Cockfield | Expensive, so it’s a buy for the long-term, at least 3 or 4 years. Sees a lot of big engineering projects coming and they will be making money out of them for years and years. One of the best engineering companies in the world. | 2006-12-27 | |
| TOP PICK | 32.050 | David Cockfield | Multiple is reasonably high, but it’s a growth stock. Does major engineering projects around the world. Winning big contracts. The world is in the midst of a capital expenditure boom. | 2006-12-07 | |
| BUY | 28.330 | John Zechner | Had a huge run over a couple of years prior to this. Seems to be consolidating. When you look at the international engineering and the infrastructure capital market build, this company seems to be key in those projects. | 2006-10-16 | |
| BUY | 27.450 | John Zechner | Doesn't see any slowdown in the contracts they are bidding on. Not a high margin business. Okay as a longer infrastructure play in Canada. | 2006-09-27 | |
| DON'T BUY | 30.500 | David Driscoll | This is the only infrastructure play that he would be interested in, in Canada. Too expensive but would consider it at $23. | 2006-09-14 | |
| HOLD | 31.050 | Norman Levine | The biggest and best of the international engineering firms. The worry is that if energy prices start to come off, some of their oil projects may start to unwind. Would consider buying in the mid to upper $20’s. | 2006-09-05 | |
| PAST TOP PICK | 29.660 | David Baskin | (A Top Pick July 11/05. Up 28.5%.) Still likes the company. They have cash, highway #407 and an enormous construction backlog that will go ahead regardless of what happens to the economy. Would buy at this price. | 2006-08-24 | |
| WEAK BUY | 29.930 | David Driscoll | Project costs are starting to rise. Could see its share price goes sideways and drop. If you want it, put in a limit order in the low $20’s and see what happens. | 2006-08-17 | |
| BUY | 28.670 | David Cockfield | Have just started buying this recently. The multiple is relatively high. Ran into major resistance around the $31/32 level. Have been signing some fantastic contracts. Engineering industry is in short supply. | 2006-08-16 | |
| WAIT | 29.210 | David Driscoll | On his radar screen and has been waiting for it to drop into the low $20’s. Likes the company and the area they are in. | 2006-07-26 | |
| BUY | 29.750 | Norman Levine | The largest and most successful engineering company. Does a lot of work on infrastructure problems so, has been a major beneficiary of the commodities boom. Good long-term company. | 2006-05-30 | |
| VAGUE | 31.960 | Ross Healey | SNC- Lavalin is a great company and is doing some great things. It has run past the point of fair market value. Recently recommended to his clients to lighten up on the stock but as it turned out it was not a good recommendation.(Win some, lose some) It is an expensive stock. | 2006-03-16 | |
| WATCH | 32.510 | Peter Brieger | It's a cyclical stock, near it's peak. He's contemplating selling. (Getting twitchy, but still hanging on).
| 2006-03-13 | |
| WEAK BUY | 94.630 | Norman Levine | Its in the infrastructure business which is in demand. Things are getting better and better there. Hold if it you have it. | 2006-02-28 | |
| HOLD | 94.940 | Robert Floyd | Projected growth rate looks good. Strong management. International sales. Has been a great winner. In 2001 it was $15, today it went up to $100. | 2006-02-27 | |
| TOP PICK | 77.590 | David Baskin | One of the premier engineering companies in the world. They have a tremendous amount of backlog. Thinks they will be one of the companies that gets a chunk of the oil sands work. Expensive right now, but in a few years it will turn out to be a good pick. | 2006-01-04 | |
| DON'T BUY | 73.350 | Norman Levine | The largest engineering and construction company in Canada. Has been a great investment over the years. Gives good global exposure. You have probably seen the best for now. | 2005-12-05 | |
| BUY | 73.120 | David Driscoll | Likes the company, but the price is very rich. He has a valuation in the mid $30's on the stock. | 2005-11-03 | |
| Comment | 72.650 | Brian Acker, CA | This stock is always above his model price because of their ownership in the highway #407 which keeps increasing in value. It's kind of a net asset value play. His model price is $40. | 2005-10-20 | |
| DON'T BUY | 78.770 | Peter Brieger | This is a conundrum. The market is marking it up fairly substantially as it represents a play on infrastructure rebuilding in the lower part of the US. Wouldn't have the courage to buy at this price. If you take off $16 for Highway #407 it leaves you with a 20 X earnings. Prefers Stantec (STN-T). | 2005-10-04 | |
| TOP PICK | 69.290 | David Baskin | There's a lot of big construction projects going on around the world and they are getting their share of them. One of the premier engineering companies in the world. Have a record backlog. Stock is expensive. Buy on a pull back. | 2005-08-16 | |
| BUY | 72.990 | David Burrows | There's a lot of money being spent on infrastutures around the world. Had a tremendous rally. They are winning lots of business. Looks like it is just starting to come out of the consolidation that's gone on over the last several months. | 2005-08-04 | |
| SELL | 66.600 | David Driscoll | Feels it's worth $40/45 a share. When the foreign content rules change, pension funds will be looking for global engineering companies and this one wil be heading for a selloff. | 2005-06-28 | |
| DON'T BUY | 68.530 | Ross Healey | Has lots going for it, but one thing it does not have going for it is any semblance of upside potential from his Fair Market Value point of view. Also, from a historical perspective, it is at a very, very extended price to book level. Expensive at the present time. | 2005-06-16 | |
| BUY on WEAKNESS | 67.900 | David Baskin | Likes this stock and would be a strong buy under $60. Has a number of interesting assets such as the #407 highway, a whack of cash, a huge backlog of contracts. Very profitable company and well managed. The problem is that the stock price got a little ahead of itself. Below the mid $60's it's a reasonable buy. | 2005-05-24 | |
| HOLD | 74.910 | Peter Brieger | Has put it on the deferred Buy list. $20 of the stock price is probably attributable to their ownership of the #407 highway. The balance of the stock price might earn about $2.70 which is at 21/22 X earnings which is fully priced. Their acquisition of R.J. Engineering in India is a tremendously positive move. | 2005-04-05 | |
| PAST TOP PICK | 69.560 | David Baskin | (A Top Pick Jan 25/05. Up 22%.) A wonderful company. Operating world wide. Keeps adding major construction contracts. Very well managed. Looks expensive right now, so not buying more at this time. | 2005-03-29 | |
Experts that have talked about SNC-Lavalin Group Inc.
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