The Globe and Mail reports in its Friday, April 3, edition that insiders buying a stock with strong price momentum is often a bullish sign. The Globe's guest columnist Ted Dixon is watching what insiders are doing with their own money during the Iran war. When looking at a chart of Bird Construction, one might conclude the war has been good for business. The stock rallied 25.4 per cent in March. Importantly, insiders were buying into the rally. Three insiders spent over $1.2-million to buy a total of 34,500 shares at an average price of $35.08. Investor and insider enthusiasm appears to be driven by future prospects for the company. When it reported results for 2025 on March 11, Bird said that full-year construction revenue of $3.4-billion was comparable year-over-year. Growth from acquisitions and its infrastructure business was offset by previously disclosed delays in certain industrial work. Looking ahead, Bird indicated that it had entered 2026 with a record combined backlog of contracted and awarded work, including a contracted backlog of $5.1-billion and a pending backlog (awarded but not contracted) of $6-billion. Adding to a sense of momentum, Bird said it is currently securing more work than it executes.