Topic: How To Invest

Stock Pickers Digest Hotline – Friday, May 4, 2018

Article Excerpt

STUART OLSON INC., $7.49, symbol SOX on Toronto, provides governments and businesses with construction, electrical contracting, earthmoving and insulation services. It mainly operates in Western Canada, but recently expanded into Ontario. In the three months ended March 31, 2018, revenue rose 20.8%, to $265.9 million from $220.1 million a year earlier. The increase came mainly from oil sands and power projects in Western Canada, plus contracts in its new Ontario market. The company ended the latest quarter with an order backlog of $1.8 billion. Stuart Olson made $1.6 million, or $0.06 a share, during those three months. The earnings are a big improvement over the year-earlier loss of $178,000, or $0.01. The strong performance reflects the company’s higher revenue in the quarter, but also the success of last year’s cost-cutting. The company’s dividend yields a high 6.4% and appears safe. OUR RECOMMENDATION: Stuart Olson is still a hold. Stuart Olson recent coverage Hotline for March 9, 2018 March 2018 issue COLLIERS INTERNATIONAL GROUP INC., $93.69, symbol CIGI…

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