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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (119562)9/7/2022 1:25:54 PM
From: Goose94Read Replies (2) of 202925
 
Aecon Group (ARE-T) revisited top pick from Ryan Bushell on BNN.ca Market Call Tuesday Sept 6th @ 1200ET

Aecon’s most recent quarter was a washout event for the company after years of consistent results. The write-downs on fixed price contracts entered into during a much different inflation environment were painful, but are likely to be substantially recovered in the coming quarters. New contracts are likely to be priced in a more flexible and even advantageous fashion. Longer-term, the company has significant nuclear expertise should the world continue to progress down a path of “renuclearization” and remains one of the few companies qualified for major infrastructure projects within this country. At current prices, the shares yield nearly seven per cent and patient investors are very likely to be rewarded by purchasing below $11.
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