Aecon Group updated March 11, 2024

Aecon Group is updated and rated Sell at $17.03. This company has a volatile history and remains extremely unpredictable.

It has been very poorly managed resulting in huge cost over-runs and therefore losses on a number of major fixed price contracts. They have also tried to distance themselves from their past mistakes by labeling certain problematic projects as “legacy” contracts.

In addition its disclosure is very poor in our opinion.

The recent rebound in the share price is a good opportunity to exit. A reasonable approach would be to sell at lest half of positions. I just sold two-thirds of my modest position in this company. I’ll retain the rest in case management really has finally turned the corner on their troubles.



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