Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, December 20, 2013

Article Excerpt

PLEASE NOTE: This is our last Hotline for 2013. Our next Hotline will go out on Friday, January 3, 2014. STANTEC INC., $66.94, symbol STN on Toronto, sells a range of consulting, project delivery, design and technology services. Its clients operate in a variety of industries, including transportation, construction and oil and gas. The company continues to grow through acquisitions. It has just agreed to pay an undisclosed sum for Virginia-based Williamsburg Environmental Group, which has over 115 employees in three offices. Williamsburg Environmental offers specialized services in environmental restoration, water resources and regulatory compliance for public and private clients in the power, transportation, energy and resource sectors. In addition, Stantec is buying Terrace, B.C.-based Cambria Gordon, a 25-person firm that provides environmental consulting services to industry, First Nations and governments. Stantec cuts its costs by sharing administrative expenses, financing and employee benefits among its divisions. But continually buying and integrating new companies adds risk, including the risk of writedowns. Stantec is a hold. Please make…

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