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  5. ARE: Is this a good time to buy ARE or would you wait? [Aecon Group Inc.]
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Investment Q&A

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Q: Is this a good time to buy ARE or would you wait?
Asked by Merrilyn on July 03, 2024
5i Research Answer:

ARE has a bad history of getting into trouble with 'legacy' projects and cost overruns. This has generally kept its valuation low, but it is still 16X earnings currently. We would wait until investors further digest the news of its more recent issues. 

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