Topic: How To Invest

Q: Could you give me your thoughts on Distinct Infrastructure Group? Thanks.

Article Excerpt

A: Distinct Infrastructure Group, $0.35, symbol DUG on the TSX Venture Exchange (Shares outstanding: 44.8 million; Market cap: $17.0 million; www.diginc.ca), provides design, engineering, construction and maintenance services to the telecommunications, infrastructure and utilities industries. It operates in Ontario, Alberta and Manitoba. The company’s services cover all aspects of installing cables inside and outside of buildings and developing communication networks. To build the base for its current operations, the company started up in October 2013 with the acquisition of Pillar Contracting Inc. It was a Fort Saskatchewan, Alberta, provider of streetlight and traffic-control services as well as painting and electrical work. The company then bought Candesto Enterprises in April 2014. Candesto is a Calgary-based provider of road signs and guardrails. In August 2015, about 16 months after the Candesto purchase, the company got its Toronto Venture Exchange listing through the reverse takeover of a shell company called DistinctTech Inc. It then changed its name to Distinct Infrastructure Group. In November 2015, Distinct sold Candesto…