THE CHURCHILL CORP. $8.87 (Toronto symbol CUQ; TSINetwork Rating: Speculative) (780-454-3667; www.churchillcorporation.com; Shares outstanding: 24.7 million; Market cap: $218.7 million; Dividend yield: 5.4%) provides building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to government and private sector clients, mainly in Western Canada.
Churchill’s Stuart Olson Dominion Construction division has just won $400 million worth of contracts. These projects involve building municipal, commercial and industrial buildings, as well as arenas, schools and hospitals.
To put these agreements in perspective, Churchill’s total backlog stood at a near record $1.8 billion on June 30, 2013.
Churchill Corp. is still a buy.