SHAWCOR LTD. $54 - Toronto symbol SCL

SHAWCOR LTD. $54 (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.5 million; Market cap: $3.5 billion; Price-to-sales ratio: 1.8; Dividend yield: 1.1%; TSINetwork Rating: Average; www.shawcor.com) recently won contracts to coat underwater pipelines for the Shah Deniz project, which pumps natural gas under the Caspian Sea to Azerbaijan. From there, other pipelines transport the gas to southern Europe.

The total value of these deals—$200 million U.S.—is equal to 12% of the company’s 2013 revenue of $1.8 billion (Canadian). ShawCor expects to complete these jobs from 2015 to 2018.

ShawCor is a buy.

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