Topic: How To Invest

Hi Pat: What is going on with Aecon? It was picked by many investors as a $20 + stock. It is now around $11. Comments, please.

Article Excerpt

Aecon Group Inc., $10.93, symbol ARE on Toronto (Shares outstanding: 56.8 million; Market cap: $621.0 million), is one of Canada’s largest construction and infrastructure developers. Aecon and its predecessors built Canadian landmarks, such as the CN Tower, the St. Lawrence Seaway, the Calgary Olympic Oval and the Halifax Shipyards. Aecon has four divisions: The Infrastructure Group, which accounted for 41% of Aecon’s 2009 revenue, is a leading road builder and utilities contractor. It also sells asphalt and aggregates (or pieces of crushed stone or gravel that are used to make concrete). As well, the Infrastructure Group handles heavy civil projects, including roads and highways, tunnels and hydroelectric power projects. The Industrial Group (33% of revenue) builds plants and facilities and assembles related components for clients in the power, nuclear, and oil and gas sectors. The Buildings Group (21% of revenue) designs, builds and manages institutional, educational, commercial and airport projects in Canada and the U.S. The Concessions Group (5% of revenue) develops, finances and…