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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (40951)	6/13/2018 8:07:09 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Aecon Group (ARE-T) top pick from Peter Imhof on BNN.ca Market Call Wednesday June 13th @ 1200ET Aecon is one of Canada’s largest publicly traded construction firms. Aecon was recently the subject of a takeover offer from China Communications Construction Company. The Canadian government stepped in and decided to not let the offer go through. Subsequent to the offer being blocked, the stock took a 25 per cent hit. During the time period that Aecon was the target, all other stocks within that sector had material multiple expansions. I believe this has given investors a very good entry point. The stock trades at 5.4 enterprise value to EBITDA on 2018 numbers (approximately two multiple points less than competitors). During the time of the takeover offer Aecon was able to sign three large contracts which will fill out their backlog. Presently, Aecon’s backlog stands at an all -time high and I’d suspect that they will continue to add to it.