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	<title>Canadian Business Blogs &#124; Advice on Investment in Canada, Stock Market, Small Businesses Opportunities &#187; AECON</title>
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		<title>Insiders buying at infrastructure firms</title>
		<link>http://blog.canadianbusiness.com/insiders-buying-at-infrastructure-firms/</link>
		<comments>http://blog.canadianbusiness.com/insiders-buying-at-infrastructure-firms/#comments</comments>
		<pubDate>Thu, 04 Dec 2008 11:55:27 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
				<category><![CDATA[Larry MacDonald]]></category>
		<category><![CDATA[AECON]]></category>
		<category><![CDATA[Canadian dollar]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[snc-lavalin]]></category>
		<category><![CDATA[stocks]]></category>

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		<description><![CDATA[Insiders are buying at infrastructure firms. That bit of news would seem to provide some confirmation for the bullish thesis in 7 reasons to invest in infrastructure.

The latest to draw insider buying is Aecon Group. In late November, three directors bought over half-a-million dollars worth of shares in a range from $5.75 to $7.50. The number [...]]]></description>
			<content:encoded><![CDATA[<p>Insiders are buying at infrastructure firms. That bit of news would seem to provide some confirmation for the bullish thesis in <a href="http://blog.canadianbusiness.com/7-reasons-to-invest-in-infrastructure/">7 reasons to invest in infrastructure</a>.</p>
<p><span id="more-443"></span></p>
<p>The latest to draw insider buying is <a href="http://www.canadianbusiness.com/stock_lookup.jsp?ticker=t.are">Aecon Group</a>. In late November, three directors bought over half-a-million dollars worth of shares in a range from $5.75 to $7.50. The number of insiders and dollar amounts are fairly strong signals.</p>
<p>The company is holding up well so far during the global downturn. “At the end of October, the firm reported record-level quarterly earnings of $23.1 million, or 45 cents per share. It also reported, as of September 30th, a $1.5-billion work backlog,” noted <a href="http://www.inkresearch.ca/index.php">INK Research</a>.</p>
<p>Before Aecon Group, the infrastructure firm attracting insider buying was <a href="http://www.canadianbusiness.com/stock_lookup.jsp?ticker=t.snc">SNC-Lavalin Group</a>, adds INK Research. Both, being Canadian-based multinational firms, should find it easier to sell to foreign markets following the <a href="http://blog.canadianbusiness.com/c-plunge-and-investors/">30% decline in the Canadian dollar</a> against the U.S. dollar over the past year.</p>
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