Topic: Growth Stocks

STANTEC INC. $30.47

STANTEC INC. $30.47 (Toronto symbol STN; TSINetwork Rating: Extra Risk) (780-917-7288; www.stantec.com; Shares outstanding: 94.4 million; Market cap: $2.8 billion; Dividend yield: 1.5%) continues to grow by acquisition. Its latest is Bury Inc., a 300-person building design firm based in Austin, Texas.

Bury’s recent projects include the George W. Bush Presidential Library in Dallas, and the redevelopment of Arizona State University’s Tempe campus.

Stantec cuts its costs by sharing administrative expenses, financing and employee benefits among its divisions. But continually buying new firms adds risk, including the risk of writedowns.

Stantec is still a hold.

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