Q: With Aecon being down roughly 50% in the last 3 months do you it’s a buy here and do you see any further downside,your thoughts on the company…Thanks
5i Research Answer:
ARE seems to have a never-ending stream of issues that hurts its ability to attract investors. Legacy issues are causing losses. It has noted that 2026 will be better. But....it is quite a small company, momentum is weak, and it is still at 21X earnings. We do not think it is the type of stock to own in the current market environment and we would be comfortable sitting on the sidelines here for a while.