Topic: How To Invest

Hi Pat: How do you feel about investing in Aecon? Thank you.

Article Excerpt

Aecon Group Inc., $16.82, symbol ARE on Toronto (Shares outstanding: 56.4 million; Market cap: $956.8 million; www.aecon.com), is one of Canada’s largest infrastructure developers. Aecon and its predecessors built Canadian landmarks like the CN Tower, the St. Lawrence Seaway, the Calgary Olympic Oval and the Halifax Shipyards. Aecon has three main divisions: The Energy Group, which accounted for 54% of the company’s revenue in the latest quarter, builds various facilities and components for clients in the power industry, including nuclear reactors. The Mining Group (23% of revenue) develops, builds and maintains mines and oil and gas properties. It also builds related infrastructure, like roads and waste management systems, and helps its clients restore their sites and plant new trees. The Infrastructure Group (23% of revenue) builds roads, bridges, tunnels and public transit projects. It also sells asphalt and aggregates (crushed stone and gravel), key ingredients for making concrete. In addition, the company develops, finances and operates public infrastructure projects. It currently holds a 45.5% interest…