Weekly Update #6 - Week Ending 03/08/26
Studs, Duds & On Our Radar | Featuring $ARE.TO, $MYE, $ITRN, $IFA.TO, $CVU, $FTK and others.
A look into what happened in our Microcap Quality Index (MSMqi) platform last week
What you’ll see inside:
Special Highlights: New Cliff Notes, Research Journals, new multibaggers in our index, etc.
Studs, Duds, On Our Radar: News releases from stocks in the MSMqi using a research tool we built that curates press releases, earnings calls, SEC filings, Form 4s and Presentations in one integrated dashboard (more research items coming soon).
Info Arb Sheet Highlights: Information Arbitrage Tear Sheets on stocks in the MSMqi, using another tool we built to find info hiding in earnings calls, not mentioned in press releases.
Special Highlights
Research Journal Change
To standardize and expedite our research, we want to try a new format for our Research Journals. Stay tuned, we will give you a sneak peek of the new format tomorrow.
Studs
1) ARE.TO | North American Construction and Infrastructure Developer
Quarterly Results
ARE.TO announced Q4 2025 results, with revenue of C$1,541.2 million vs. C$1,267 million in the prior year, and adj. EPS of C$0.52 vs C$0.23 in the prior year. Additionally, backlog increased significantly to $10,714 million, up from $6,662 million in the previous year.
The big highlight for Aecon is its swing into profitability due to reduced losses on legacy fixed-price projects.
We’re also keeping an eye on them due to their exposure to the nuclear theme with growing work tied to reactor refurbishments and small modular reactor development at the Darlington Nuclear Generating Station, alongside long-term programs at the Bruce Nuclear Generating Station and Pickering Nuclear Generating Station, giving the company multi-year visibility in nuclear infrastructure.
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