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

To: Goose94 who wrote (146617)	3/1/2023 9:53:38 AM
From: Goose94	Read Replies (1) \| Respond to of 202922

Aecon Group (ARE-T) gap up @ open for a five month high on news...

To: Goose94 who wrote (146617)	4/11/2023 2:38:19 PM
From: Goose94	Read Replies (1) \| Respond to of 202922

Aecon Group (ARE-T) revisited 2.0 top pick from Ryan Bushell on BNN.ca Market Call Tuesday April 11th @ 1200ET Aecon was our best performer in the first quarter, up 50 per cent but there is still room for the company to run. The company recently sold its low-margin road-building division and a minority interest in the Bermuda Airport at well above carrying value and still has the prospect of significant recoveries on fixed price contracts written down last year that were the source of the downside in 2022. Additionally, the company has a rapidly growing backlog including a multi-year project with Metrolinx and the new Small Modular Reactor (SMR) project award at Darlington. The shares currently yield more than 5.5 per cent and fundamentals should hold up well or even be helped by a downturn (less labour inflation/tightness). We topped up our holdings below $9 in late December but there is still upside from these levels on a medium to long-term basis and we are happily purchasing shares with new client capital that is flowing into our firm.