STOCKCHASE

Likes this one very much looking out 3 to 5 years. Broad global exposure in areas he likes.

2010-03-12

TOP PICK

49.950

Infrastructure company. Huge backlog. Projects all over the world. Likes the international exposure and the backlog. Owned it for a long time. You can always have problems in large projects, but they are pretty experienced.

2010-02-25

PAST TOP PICK

49.930

Gavin Graham

(A Top Pick Jan 14/09. Up 40.86%.)

2010-02-01

BUY

49.930

John Zechner

Still sees the stimulus program being in place. Companies like this should do exceptionally well over the next couple of years, especially in power projects.

2010-02-01

Comment

48.330

Bruce Campbell

Looking at this and others such as Bird Construction (BDT.UN-T), Armtec (ARF.UN-T) and IBI (IBG.UN-T) because of the infrastructure aspects.

2009-12-07

PAST TOP PICK

50.660

Gavin Graham

(A Top Pick Jan 14/09. Up 45.01%.) Still buy.

2009-11-23

HOLD

43.160

Craig MacAdam

2nd favourite in infrastructure. Big global player and well diversified.

2009-11-02

BUY

45.960

Second largest weight in the industrial products sector. Pulled back recently and they see this as an opportunity. Long backlog of projects and a great earnings profile.

2009-10-22

SELL

46.560

(Market Call Minute) has been disappointed and using it as a source of capital.

2009-10-19

PARTIAL SELL

48.120

Rick Stuchberry

If you own and have had a gain, consider taking some profits. It would look interesting again at the $45-$46 level. If you are a long-term holder you can continue to Hold. Fundamentals are very good.

2009-10-09

PAST TOP PICK

48.410

(A Top Pick Sept 2/08. Down 2%.) One of the companies that are going to benefit from the global infrastructure spending. Also from new construction of global power facilities. Order backlog of about $12 billion.

2009-09-23

PAST TOP PICK

49.650

(A Top Pick Nov 27/08. Up 48%.) Still sees upside potential. Great long-term story. 6 to 9 month target is $52 but with the backlog and projects they're bidding on now still lots of room to grow.

2009-09-16

PAST TOP PICK

46.340

(A Top Pick Sept 2/08. Down 5.77%.) Tremendous infrastructure play. Have a huge backlog of orders globally. Core holding for Canadians.

2009-08-31

BUY on WEAKNESS

48.090

Christine Poole

Very high quality engineering/construction company. Stock is a little ahead of itself and backlog has been declining. She would consider buying on a pullback of 5% or 10%.

2009-08-26

BUY

48.450

International infrastructure. (See Top Picks.)

2009-08-24

WAIT

48.400

Steven Conville

A bigger company. Pretty good run of late. Is not immune to correction. Has a substantial potential for upside.

2009-08-17

BUY on WEAKNESS

46.170

Likes this one very much. There is going to be stimulus in the infrastructure area but it will be 2010-2011. This would be his prime entry for participation. Would like it below $40. Quarterly results are due Aug 7th.

2009-08-05

TOP PICK

46.000

Christine Horoyski

6.91% bond maturing July 3/19. High BBB yielding about 200 basis points over Canada. Play on infrastructure. Major player in construction/engineering. One of the top 10 worldwide.

2009-07-30

BUY on WEAKNESS

46.480

Christine Poole

Likes engineering/construction space. Emerging countries will be building out infrastructure and governments are spending to help economies. Valuation is a little high so she has it on her Buy/Watch list. Would consider under $40.

2009-07-21

DON'T BUY

43.420

Bill Carrigan

Infrastructure is probably an emerging theme but it is so obvious and he gets nervous when too many people are in the space. Had a rebound this year. He would be cautious.

2009-07-02

BUY on WEAKNESS

42.550

On his buy list but only in the mid-$30's. Have some exciting new projects coming on, hopefully the Darlington Reactor. Also won another Algerian project.

2009-06-16

TOP PICK

42.260

Very diversified revenue stream. Of the big infrastructure companies they probably have the least concentration in energy/energy services. Good pipeline of potential deals coming in front of it. Also gives global exposure.

2009-06-15

HOLD

37.960

Ross Healy

Came off some nice support at about twice its book value. Speed of the infrastructure is another problem. Looking at it historically, it is not cheap anymore.

2009-05-21

HOLD

38.120

Probably one of the best Canadian industrial companies. Very involved in infrastructure plays. You have to be a little patient with this. If they came back to the $34/$35 level he would add to it.

2009-05-12

PAST TOP PICK

37.960

Brooke Thackray

(A Top Pick Nov 10/08. Up 10.19% but was a 6 months call and he is now out of this. Time of year when he is more conservative but will step it up again in the fall.) Great company and great position but would Sell and get back in later on.

2009-05-05

BUY

34.900

Michael Smedley

(Market Call Minute) Premier company in global engineering consulting.

2009-04-28

HOLD

35.820

David Cockfield

Infrastructure. They should do okay. Little concerned that if the world situation deteriorates some of the big capital projects they have on their books may go by the board. Once to see if they can hold this level before he buys more.

2009-04-09

BUY

32.600

Martin Hubbes, CFA

Has been beaten up in a big way. Very good company. Big in infrastructure development. There are a lot of businesses they can pick up in the long haul. Will be volatile. (See Top Picks.)

2009-03-23

BUY

32.280

Ken McCord

(Market Call Minute.) Infrastructure play. Screens very well as a sector play and on its own.

2009-03-19

PAST TOP PICK

31.590

Don Vialoux

(A Top Pick April 3/08. Down 39% but up 23% on June 13 as recommended.) Forming a beautiful bottoming pattern right now and you'll probably get a MACD Buy signal as early as tomorrow. Short-term momentum indicators are starting to turn positive.

2009-03-10

BUY

35.140

Ken McCord

The only industries that are poised to benefit from stimulus packages are infrastructure plays. Screens very well right now. Great momentum in its price action as well as its delivery of its earnings relative to expectations. Also likes the trading dynamics.

2009-01-29

Comment

37.020

Brendan Caldwell

Infrastructure has been a big theme in the market to some degree has anticipated this. Hard to know which company is going to be the beneficiary of it. You could also look at a fund that focuses primarily on infrastructure.

2009-01-19

BUY

37.490

There is going to be so much infrastructure spending over the next little while that he would take a look at the sector. More international in scope than Aecon Group (ARE-T). Also own the #407 Highway in Ontario. (For infrastructure See his Top Picks.)

2009-01-15

TOP PICK

35.440

Gavin Graham

Owns Highway 407 toll road (just raised tolls by 3.7%). Has the Alberta electricity transmission grid. Bidding to build 2 new nuclear power plants in Darlington. Should prosper through infrastructure plans in China, Europe and North America. 17X earnings and 1.5% yield. Has cash and is very well run.

2009-01-14

BUY

37.700

Ross Healy

(Market Call Minute.) Could carry further on this infrastructure spending.

2009-01-09

TOP PICK

37.690

One of the identifiable leaders in the market is infrastructure. Has a global bias. Does work on nuclear power, environment as well as government infrastructure.

2009-01-07

Comment

38.600

Andrew Guy, CFA

Infrastructure can take a long time to put in place and it could be 6 to 9 months before they benefit. Engineering should be good for them but it’s trading at a very high valuation at 16X next year's earnings.

2009-01-06

Comment

37.940

Michael Sprung

Aecon Group (ARE-T) and SNC Lavalin (SNC-T) are both well positioned to take advantage substantially if there is going to be a huge amount of infrastructure spending. SNC is more internationally diversified with more construction. Of these 2 he would prefer Aecon. (See Top Picks.)

2008-12-19

BUY

36.280

For infrastructure plays, he would have Aecon Group (ARE-T) as #1 and SNC Lavalin (SNC-T) as #2. This has more international exposure and has a lot of energy in it as well.

2008-12-15

TOP PICK

38.100

Bill MacLachlan

Canada's largest engineering company and they operate globally. Infrastructure is a key building block in governments’ attempts to stimulate the economy. No debt and lots of cash. ROE is about 27% for 2008.

2008-12-11

BUY

36.420

Peter Gibson

Likes it as an infrastructure story. 34% ROE level and very strong profit growth. Has sold off significantly. His measure indicates there is a 93% chance it will outperform the market in the next 12 to 18 months.

2008-12-09

PAST TOP PICK

33.510

(A Top Pick Dec 4/07. Down 29%.) Sold his holdings. With the big correction this is looking attractive.

2008-12-01

BUY

33.510

75% of revenue comes from Canada and Africa. 50% comes from civil infrastructure. Only about 7% of revenue is oil/gas. Strong balance sheet. Looking at this one.

2008-12-01

TOP PICK

34.010

Long-term growth story in infrastructure. Stock of $33 and assets of $15. Earns $2 on infrastructure, which historically trades at about 14 X. They are currently at 11 X’s. $2 times 11 gives you $22 plus the $15 is $37/$38. 14 X will give you significantly higher. Long backlog.

2008-11-27

Comment

31.420

Duncan Stewart

SNC Lavalin (SNC-T) vs. Aecon Group (ARE-T). Infrastructure is going to be a pork barrel exercise. Governments are going to say that they have to do a stimulus package and will probably end up getting the lion's share to one company vs. another. Even though you got the theme right, you could pick the wrong horse.

2008-11-18

BUY

31.640

(Market Call Minute.) Long-term buy. One of the great global infrastructure companies.

2008-11-12

TOP PICK

34.420

Brooke Thackray

Governments today are acting very differently than they did decades ago. They are now trying to fix the problems. China just announced a $586 billion infrastructure package. Expecting governments globally to start doing this.

2008-11-10

Comment

34.600

Kevin O'Leary

Infrastructure globally is where you are going to want to hide. Countries globally will be putting money into infrastructure to create jobs. This stock is expensive compared to its international competitors. Dividend is very low compared to its competition. This is why it has dropped.

2008-11-04

BUY

26.000

Greg A. Taylor, CFA, BBA

More international exposure on infrastructure. Probably a good buy right now.

2008-10-27

BUY

37.840

Don Vialoux

Loves infrastructure stocks. This area will do very well going forward. Countries will use this to get out of there financial crises. Technically it has bottomed. Historically it has done very well from September right through until April of each year. Had a MACD Buy signal last Thursday. Tried to buy on a little bit of weakness.

2008-10-20

WAIT

30.600

People like infrastructure because you get a lot of lead-time on the contracts. Risk is that contracts begin to get cancelled because of financing. Wait to see clear signs that the credit market is beginning to thaw. Thinks it’s a wonderful business

2008-10-15

TOP PICK

34.050

Bill MacLachlan

Likes it because they are involved in infrastructure development and there is so much to be done in Asia. They have no debt, excellent management team and are one of the largest engineering and management companies in the world. Have been adding at current levels.

2008-10-03

BUY

37.970

Kevin O'Leary

Can find yields 2 or 3 times this one, but it’s time to buy infrastructure.

2008-10-01

DON'T BUY

38.480

Gordon Higgins, CA, MBA

People don’t like engineering/construction companies right now.

2008-09-30

BUY

40.730

Canadian-based international engineering company. Most of its operations are in Canada but have extensive operations globally. Infrastructure is a great place to be over the next number of years.

2008-09-24

DON'T BUY

42.110

David Driscoll

(Market Call Minute.) $30-$35 is a better entry point.

2008-09-16

DON'T BUY

44.510

(Market Call Minute.) Infrastructure. Going through a consolidation.

2008-09-08

BUY

44.870

Great Canadian infrastructure play. Vast majority of its business is in Canada.

2008-09-05

HOLD

45.900

(Market Call Minute.) There are now stories coming out of New York that there will be a collapse in worldwide infrastructure spending.

2008-09-04

STRONG BUY

48.860

Ron Meisels

In a major uptrend. Outperformed the market when the TSX was falling. Holding its 200-day moving average. Major support is around $45-$50. Long-term uptrend is totally intact.

2008-09-03

TOP PICK

50.000

Global infrastructure is the sector for at least the rest of this decade and maybe the next two. Cities globally have decaying problems. This kind of company is going to make a lot of money. Excellent entry point.

2008-09-02

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

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

(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

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

(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

Still likes this one.

2008-06-16

BUY

56.650

(Market Call Minute.) Great company. Going to grow globally for an extended period of time.

2008-06-03

TOP PICK

53.440

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

This is his favourite infrastructure name.

2008-04-22

Comment

47.350

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

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

Thinks it is at a decent entry point. International in scope.

2008-02-29

PAST TOP PICK

44.150

(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

(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

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

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

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

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

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