14:21:43 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Stuart Olson Inc
Symbol SOX
Shares Issued 26,722,909
Close 2016-08-25 C$ 6.11
Market Cap C$ 163,276,974
Recent Sedar Documents

Stock Pickers says hold Stuart Olson

2016-08-25 21:05 ET - In the News

Stock Pickers Digest, in the August, 2016, issue, says hold Stuart Olson Inc., recently $6.36. Stock Pickers said buy 11 times from December, 2002, to November, 2013, at prices ranging from $2.15 to $20.35. A $1,000 investment for each of the 11 buys is now worth $14,151. Stuart Olson provides construction, earthmoving, insulation and electrical contracting services for commercial and industrial projects. It operates mainly in Western Canada, which has been going through tough times lately, especially Alberta. As a result, Stuart Olson lost $900,000 or three cents a share in the quarter ended March 31, 2016, compared with earnings of $1-million or five cents a share a year earlier. Revenue dropped to $243-million from $282.9-million. The company now expects to earn 36 cents a share this year, down from its previous forecast of 52 cents a share. Next year's earnings are expected to reach 80 cents a share. Stuart Olson now trades at just 7.8 times that forecast, although of course the forecast could prove optimistic if Western Canada continues to suffer from depressed construction and oil sands activity. On the plus side, Stuart Olson's dividend yields a high 7.6 per cent and seems safe, says Stock Pickers. The stock is a hold.

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