March 10, 2024

On Friday the S&P 500 was down 0.65% and Toronto was down 0.3%

Costco finally has a little pull-back falling 7.6% after releasing earnings. But this just gives back a small part of its recent increases.

Cameco was down 6.2%. It remains long-term bet on uranium prices and the nuclear power industry.

My next date will be for Aecon Group. It has had a good recovery but continues to face big cost over-runs on what it calls “legacy” projects. I will likely sell at lest half of my small investment in this company. They undertake many fixed price contracts but have a track record of cost over-runs. They are trying to reduce the percentage of fixed-price contracts but those still make up about 50% of projects in backlog and possibly a higher percentage of current projects.

 

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