| BUY | 29.350 | 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 this one. Multiples are cheaper and it is a bit more North American. Trading at under 3X BV. | 2008-08-14 | |
| TOP PICK | 24.070 | Steven Conville | Infrastructure play. Great little engineering firm. Nicely positioned to Buy without much downside risk. Good defensive play. Even though world economies slow down, infrastructure will not. | 2008-07-23 | |
| PARTIAL BUY | 23.800 | Peter Brieger | Engineering/consulting. Grow through acquisitions. 5-year chart shows earnings up 50%. Subject to your view of the market, start with a small position | 2008-07-16 | |
| DON'T BUY | 22.040 | Jean-Francois Tardif | (Market Call Minute.) Involved a lot on residential development. | 2008-07-15 | |
| TOP PICK | 25.510 | Michael Sprung | Relatively ignored engineering company. Thinks they will earn in the neighbourhood of $1.80 this year and is very inexpensive. | 2008-06-26 | |
| HOLD | 27.590 | Pat McKeough | An example of a consolidator. Grows by buying small engineering companies in the industry. If we are into less vigorous growth in the next couple of years, this would not be as attractive as it was in the past. Also, if you grow by acquisition there is always the danger that you are buying some trouble. | 2008-06-20 | |
| TOP PICK | 29.010 | Michael Sprung | Design and does engineering work for buildings, architecture etc. Very disciplined company and it came off quite a bit because of some residential work in the US. Expect they will earn over $2 a share in the next couple of years. | 2008-05-29 | |
| TOP PICK | 29.780 | Steve MacInnes | Has achieved something like 20% annualized growth since its IPO in 1994. Management is talking very conservatively and one of their major practices is in residential and non-residential construction and this has hit the stock. The environmental and infrastructure sides of the business are booming. Cheap. | 2008-05-15 | |
| TOP PICK | 31.060 | Peter Brieger | Infrastructure play. Cheapest in the sector. Looking at 19% to 22% earnings growth over the next several years. Aggressively buying up small to midsize engineering and environmental consulting firms. | 2008-05-01 | |
| Comment | 29.500 | Robert McWhirter | Continues to be a growth by acquisition story. Ranks 374. Year-over-year earnings growth was kind of OK at 12%. Earnings are expected to grow by 24% by 08 year-end giving a 16 PE. | 2008-04-08 | |
| Comment | 32.150 | Michael Sprung | Infrastructure play. Pure engineering company and does not take any construction risks. Have a very large exposure to the development of site preparation for residential development, particularly in California. For the longer term, this is an outstanding company. | 2008-03-05 | |
| BUY | 32.300 | Robert Floyd | A wonderful little company. Has done very well in terms of the engineering field. Have a history of developing decent contracts. Good management team. | 2008-02-29 | |
| DON'T BUY | 38.890 | Bruce Campbell | Becoming fully valued. | 2007-12-31 | |
| BUY | 38.890 | Peter Brieger | You have to consider it in the infrastructure space along with SNC Lavalin (SNC-T), Jacobs Engineering (JEC-N) and Fluor (FLR-N). This trades at a much lower multiple at around 20X 08 earnings and is the cheapest. Two thirds of growth comes from acquisitions, so there could be execution risks. | 2007-12-28 | |
| BUY | 33.300 | Peter Brieger | For an infrastructure play, prefers this to SNC (SNC-T). | 2007-11-06 | |
| HOLD | 33.900 | Charles Edwardes-Ker | Good company. 25% APS growth over last 25 years. Focused on sustainability. Thinking outside of the box. Will be Net beneficiary. Plan to hold 5 years. Will return 12-15% per year. | 2007-09-13 | |
| PAST TOP PICK | 35.270 | Michael Sprung | (A Top Pick July 17/06. Up 75%.) Sold his holdings between $28 and $30. | 2007-07-13 | |
| PAST TOP PICK | 35.000 | Michael Sprung | (A Top Pick July 18/06. Up 73%.) Sold his holdings a few months back. Well run company. Would consider buying back if it dropped in price. | 2007-05-28 | |
| HOLD | 31.840 | Peter Brieger | Part of his infrastructure theme. Expensive, but he will continue to hold. | 2007-04-18 | |
| PAST TOP PICK | 30.200 | Peter Brieger | (A Top Pick March 13/06. Up 4 9.9 %.) An engineering firm that has been acquiring single office engineering firms in the US and Canada. Still considered a Buy. | 2007-03-02 | |
| BUY | 27.200 | Peter Brieger | One of North America's leading engineering firms. Lower multiple than its peers. | 2007-02-19 | |
| STRONG BUY | 28.290 | Peter Brieger | The cheapest of the infrastructure companies and it will eventually catch up to the others’ P/E ratio. | 2007-02-02 | |
| PAST TOP PICK | 24.450 | Michael Sprung | (A Top Pick July 18/06. Up 20.4%.) An engineering company but does not take construction risks. Only operates in the engineering field. Will be a little bit exposed to US housing but are also fairly diversified in industrial areas. Sells at a discount to the larger caps. | 2006-11-14 | |
| DON'T BUY | 23.160 | Jean-Francois Tardif | An engineering company. Has done tremendously well through the years. One part of the business deals with new housing preparation work in the US. High-quality, but no longer cheap. | 2006-10-26 | |
| PAST TOP PICK | 19.700 | Peter Brieger | (A Top Pick July 21/06. Up 26%.) The cheapest of the engineering firms. Doesn't have non-North American exposure and doesn't take construction risks. Can go up a lot further. | 2006-08-09 | |
| TOP PICK | 20.250 | Michael Sprung | Made a large acquisition of an urban land company in the US and got a listing on the US exchange which caused it to go up. Has since pulled back. A diversified infrastructure play in the North American market. | 2006-07-18 | |
| PAST TOP PICK | 23.320 | Peter Brieger | (A Top Pick April 3/06. Up 12%.) Likes the engineering and capital spending stocks. | 2006-06-12 | |
| TOP PICK | 43.000 | Peter Brieger | Very bullish on capital spending in North America. There is a huge pent-up demand for infrastructure. US corporations are flush with cash. The price earnings ratio is incredibly cheap at 18 X this year's earnings, far less than its peers. | 2006-04-03 | |
| TOP PICK | 40.310 | Peter Brieger | The engineering business is a 50 billion dollar business in the states. Many people -- for estate purposes -- are looking to get out, and Stantac is there ready to help.This business consolidates the fragmented.
He likes them because do everything that SMC does except they don't take construction risks, or work outside North America.
He bought at $31, 6 months ago.
Risks are ill advised acquisitions that Stantec does. | 2006-03-13 | |
| HOLD | 43.800 | Jean-Francois Tardif | A great, well-managed company. Every quarter, they come out with great results and have growth year over year. They do a lot of development in real estate. He is bearish on the housing outlook. If housing comes down, part of their earnings will be affected. Multiple is now about 20 X’s which is getting high. | 2006-02-15 | |
| WEAK BUY | 38.690 | Robert McWhirter | Growth by acquisition. Near term concern is that a substantial amount of their revenue comes from the housing side. Ranks 122 out of 700 in his database. Earnings are expected to grow from $2.10 to $2.34 in the calendar year. | 2005-12-08 | |
| PAST TOP PICK | 39.100 | Michael Sprung | (A Top Pick Oct 11/05. Up 2.5%.) Continues to like. A very good engineering company. Expects they will diversify their holding a a little more over the next couple of years. | 2005-12-07 | |
| TOP PICK | 38.330 | Michael Sprung | An engineering company that does not take on any construction risks. They are involved in the design phase and up to the construction. Growing by leaps and bounds in the North American market. Just made a fairly large US acquisition. Expects they will earn around $1.90 this year and as much as $2.25 next year. Extremely well managed. | 2005-10-11 | |
| BUY | 39.250 | Peter Brieger | Fully priced in the short term. Looking out 3/5 years, it will be acquiring small to mid size engineering firms. A very fragmented business. Likes it for the long term. | 2005-08-17 | |
| TOP PICK | 36.900 | Werner Muehelemann | In the professional services of the engineering space. Provide planning and management of different engineering services for building hospitals, road infrastructure, etc in the oil sands. Have doubled their EPS in the last 4 years. Grown by acquisitions. A long term buy. | 2005-08-09 | |
| TOP PICK | 31.150 | Peter Brieger | A well diversified company. In 5 areas, the urban land, environmental treatment, industrial, transportation and building management and design. Have no construction risks. Active only in Canada and the US. Expect a great period of consolidation. | 2005-07-21 | |
| VAGUE | 22.600 | Gavin Graham | "Building Services" is a longer term growth area but they have come a long way. | 2004-08-12 | |
| DON'T BUY | 21.000 | Michael Sprung | Well organized and well managed. A lot of good news is built into the price and valuation is a little too high. | 2003-09-11 | |
| BUY | 16.300 | Peter Hodson | Long term profitability. Great balance sheet. | 2003-02-04 | |
| BUY | 26.600 | David Baskin | In a boom or bust industry. Good company, but hard to evaluate, but a reasonable buy. | 2002-01-03 | |
| BUY | 15.000 | Ted Macklin | A good small company | 2000-11-23 | |
Experts that have talked about Stantec Inc
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