AM.TO /AMZKF earned .07 for the quarter. Year over year revenues were up more than 100%. This was down from last quarters .11 but the September quarter is historically a considerably weaker quarter than the June quarter.
This still looks very good to me in the 2.20 range. Despite the troubles in the auto industry they still have plans to more than double their canadian workforce to accomodate new contracts.
AGX announced a 190 million contract to build a new power plant. The contract will run over 2 years. My previous entry mentioned the conclusion of a money losing contract for AGX that should greatly boost earnings this quarter. This new contract doubles their backlog on in the energy business. That certainly suggests that they may end up being a long term growth play rather than a short terms earnings play. All of the previous caveats and risks still apply of course.
Right now they are trading at about 25% of their current order backlog.
Too bad it was such a bad market day. I thought both of these events deserved some love from the market as a whole. AGX got a slight bump up. AM.TO went nowhere.
Monday, November 12, 2007
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