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A Canadian construction and infrastructure development company has been on fire over the last year, and investors are taking notice. Aecon Group (ARE), the Toronto-based firm that delivers integrated solutions to both private and public sector clients, released its second quarter earnings late last week and reported very strong numbers. The firm beat street estimates for EPS and revenue by 13% and 12%, respectively. Shares pulled back over the last month by 7% after an extremely strong last year, when shares increased 152% (as of Wednesday).
This discussion is for informational purposes only and does not constitute investment advice.
DAVID MACNICOL
B. Eng. Sci, CIM, FCSI
Founder & President, MacNicol & Associates Asset Management
David established MacNicol & Associates Asset Management Inc. in 2001, after an extensive 20-year career in the investment management business, working for Canada Trust, Cassels Blaikie / Citibank, Connor Clark and Cumberland Asset Management.
JOE POCHODYNIAK
CFA, Senior Portfolio Manager, MacNicol & Associates Asset Management
Joseph is a Senior Portfolio Manager at MacNicol & Associates focused on Real Estate, Private Equity, Hedge Funds and alternative asset class strategies. Joseph has over fifteen years of professional experience in asset management and private investment counseling.
KEN REID
CIM, Associate Portfolio Manager, MacNicol & Associates Asset Management
Ken is an Associate Portfolio Manager at MacNicol, specializing in North American mid- and large-cap equities. He is responsible for security selection and asset allocation on behalf of client portfolios, drawing on his prior experience as a Public Equity Research Associate at MAAM, where he developed a strong foundation in equity analysis and research.
