Frédéric Bastien

Last updated on 2014-04-25T19:55+0300.

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Frederic Bastien said : “Our Outperform recommendation on Neo Performance Materials is reaffirmed after [Monday’s] solid 4Q20 print showed the company capitalizing on rebounding end-market demand,” “With the speed of recovery much faster than projected ... we find ourselves raising our profit forecasts for 2021 and 2022 yet again” External link

theglobeandmail Tuesday, March 23, 2021 2:35:00 PM EAT

Frederic Bastien said : “A big part of our downgrade is also valuation driven, with BDT producing a total return of 85 per cent since we went ‘all in’ on the stock in our March 12, 2020 Comment ... (for context the TSX composite gained 49 per cent over that same period),” “We still believe — largely based on the significant strides management has taken to derisk the business, diversify the work program and strengthen the balance sheet —that Bird will continue to create shareholder value through 2022. At this juncture, however, the contractor no longer merits our Analyst Current Favourite status” External link

theglobeandmail Thursday, March 11, 2021 3:48:00 PM EAT

Frederic Bastien said ( about British ) : “This is particularly true in British Columbia, where the second wave of the pandemic has forced public health officials to tighten the screws and limit the number of employees on large project sites — including LNG Canada,” “Bird is also experiencing delays in project tenders and awards from clients, which is shifting portions of its work program into the back half of the year and into 2022. Accordingly, we have lowered our expectations for the business shorter term” External link

theglobeandmail Thursday, March 11, 2021 3:48:00 PM EAT

Frederic Bastien said : “Based on the continued improvement in Stantec’s financial performance, an ESG profile that ought to turn the competition green with envy, and what we perceive as a low relative valuation still, we believe there is room for the stock price to keep running,” External link

theglobeandmail Thursday, March 4, 2021 3:43:00 PM EAT

Frederic Bastien said : “FirstService’s two operating segments demonstrated thoughout 2020 they can vigorously cut costs in the face of economic disruption and still seize on emerging revenue opportunities,” “In 2H20, these came courtesy of a record-setting storm season and a red-hot housing market. Given its unwavering promise of service excellence and record liquidity levels, we can comfortably say FSV will exit the pandemic in a strengthened competitive position” External link

theglobeandmail Wednesday, February 10, 2021 4:08:00 PM EAT

Frederic Bastien said : “With trade protectionism giving way to a global fight against a common viral enemy, it paid to stay long the large, defensive and globally diversified stocks we cover. Our best performers for 2019 — long-term compounders Brookfield Renewable, FirstService and WSP Global — took top honours again in 2020 alongside IBI Group. The Street was initially unfriendly to our smaller cap or more geographically concentrated names, but started warming up to them as vaccine progress spread optimism for an economic recovery. Assuming today’s soaring COVID-19 cases do not kibosh this momentum, we expect this ‘rotation’ to continue running its course in 2021” External link

theglobeandmail Wednesday, January 20, 2021 5:46:00 PM EAT

Frederic Bastien said : “Our favourite small-cap ideas are Bird Construction and Black Diamond Group, which are both entering the year fresh off transformative acquisitions and solid operating results,” “In the mid-cap category, we believe Aecon Group has the most room to run after a generally disappointing stock performance in 2020, while Stantec arguably has most to gain from a positive re-rating. Lastly, our preferred large-cap option is Brookfield Infrastructure. With some major investments now moving the needle on results, expectations for organic growth to rev up, and an M&A pipeline rich in potential catalysts, we expect our Best Pick for 2021 to lead its industry in cash flow growth this year” External link

theglobeandmail Wednesday, January 20, 2021 5:46:00 PM EAT

Frederic Bastien said : “With trade protectionism giving way to a global fight against a common viral enemy, it paid to stay long the large, defensive and globally diversified stocks we cover. Our best performers for 2019 — long-term compounders Brookfield Renewable, FirstService and WSP Global — took top honours again in 2020 alongside IBI Group. The Street was initially unfriendly to our smaller cap or more geographically concentrated names, but started warming up to them as vaccine progress spread optimism for an economic recovery. Assuming today’s soaring COVID-19 cases do not kibosh this momentum, we expect this ‘rotation’ to continue running its course in 2021” External link

theglobeandmail Wednesday, January 20, 2021 4:49:00 PM EAT

Frederic Bastien said : “Our favourite small-cap ideas are Bird Construction and Black Diamond Group, which are both entering the year fresh off transformative acquisitions and solid operating results,” “In the mid-cap category, we believe Aecon Group has the most room to run after a generally disappointing stock performance in 2020, while Stantec arguably has most to gain from a positive re-rating. Lastly, our preferred large-cap option is Brookfield Infrastructure. With some major investments now moving the needle on results, expectations for organic growth to rev up, and an M&A pipeline rich in potential catalysts, we expect our Best Pick for 2021 to lead its industry in cash flow growth this year” External link

theglobeandmail Wednesday, January 20, 2021 4:49:00 PM EAT

Frederic Bastien said : “Its liquidity [or available cash to deploy] remains largely unchanged, at US$575-million, yielding management the flexibility to go after acquisition targets of all sizes,” External link

theglobeandmail Tuesday, November 3, 2020 3:08:00 AM EAT

Frederic Bastien said ( about Avenir Quebec ) : "If we do nothing, in the year 2100, only 50 per cent of people in Quebec will have French as a mother tongue," "And what's shocking is that as soon as you bring this up, Quebecers are systematically accused of racism" External link

barrie Thursday, October 8, 2020 8:51:00 PM EAT

Frederic Bastien said ( about Avenir Quebec ) : “If we do nothing, in the year 2100, only 50 per cent of people in Quebec will have French as a mother tongue,” “And what’s shocking is that as soon as you bring this up, Quebecers are systematically accused of racism” External link

cknw Thursday, October 8, 2020 8:37:00 PM EAT

Frederic Bastien said ( about Avenir Quebec ) : "If we do nothing, in the year 2100, only 50 per cent of people in Quebec will have French as a mother tongue," "And what's shocking is that as soon as you bring this up, Quebecers are systematically accused of racism" External link

timescolonist Thursday, October 8, 2020 8:15:00 PM EAT

Frederic Bastien said ( about Avenir Quebec ) : “If we do nothing, in the year 2100, only 50 per cent of people in Quebec will have French as a mother tongue,” “And what’s shocking is that as soon as you bring this up, Quebecers are systematically accused of racism” External link

globalnews Thursday, October 8, 2020 8:11:00 PM EAT

Frederic Bastien déclaré ( about Nathalie Normandeau ) : «Chaque année, et je m’y engage, les drapeaux devraient être mis en berne partout au Québec pour se remémorer l’une des pires injustices de notre histoire, dont les conséquences néfastes continuent de se faire sentir avec la Charte canadienne des droits et libertés, qui a récemment permis à Nathalie Normandeau d’éviter un procès, entre autres» External link

journaldemontreal Monday, September 28, 2020 7:20:00 AM EAT

Frederic Bastien dénonce : «Ce qui se passe dans la chambre à coucher des citoyens, ça ne regarde pas l’État» External link

journaldemontreal Friday, September 4, 2020 2:06:00 PM EAT

Frederic Bastien dénonce : «Le mandat de Bibliothèque et Archives Canada, c’est d’empêcher les Québécois de connaître leur histoire» External link

journaldemontreal Friday, September 4, 2020 2:06:00 PM EAT

Frederic Bastien dit : «Gagner des pouvoirs, c’est un pas vers la souveraineté» External link

journaldemontreal Wednesday, August 26, 2020 3:47:00 PM EAT

Frederic Bastien said : “There is some logic to how our coverage of infrastructure and property services firms have navigated one of the fastest market corrections in history. No stock has been spared, but generally speaking we have seen large, diversified and quality businesses hold their own better than Canadian small-cap stocks. On this basis, the 23-per-cent pullback in Bird Construction may not look that bad (it is ‘only’ three percentage points worse than the TSX over the last 13 trading sessions). But these losses come at a time when BDT’s diversification efforts are bearing fruit, its earnings per share are poised to triple in 2020, and the balance sheet is the strongest it’s been in three years. We see a disconnect, and it’s time for us to be more vocal about it. Accordingly, we are upgrading our recommendation to Strong Buy and adding BDT to Raymond James’ Analyst Current Favourites list” External link

theglobeandmail Thursday, March 19, 2020 4:36:00 PM EAT

Frederic Bastien said : “We expect the combination of these complementary businesses (expected to close in 2Q20) to yield a leading Canadian support services firm with significantly broader scope, competitive advantages and enhanced long-term growth opportunities,” External link

theglobeandmail Thursday, March 19, 2020 4:36:00 PM EAT

Frederic Bastien said : “Our new target is based off an EV/EBITDA multiple of 5.5 times our pro-forma estimates for the combined operations for 2020, which sits as the low end of the stock’s 5-year historical trading range of 5-9 times,” “There is potential for HNL’s valuation to expand as it starts generating more consistent FCF, but we aren’t ready to go there at this juncture” External link

theglobeandmail Thursday, March 19, 2020 4:36:00 PM EAT

Frederic Bastien said : “There is some logic to how our coverage of infrastructure and property services firms have navigated one of the fastest market corrections in history. No stock has been spared, but generally speaking we have seen large, diversified and quality businesses hold their own better than Canadian small-cap stocks. On this basis, the 23-per-cent pullback in Bird Construction may not look that bad (it is ‘only’ three percentage points worse than the TSX over the last 13 trading sessions). But these losses come at a time when BDT’s diversification efforts are bearing fruit, its earnings per share are poised to triple in 2020, and the balance sheet is the strongest it’s been in three years. We see a disconnect, and it’s time for us to be more vocal about it. Accordingly, we are upgrading our recommendation to Strong Buy and adding BDT to Raymond James’ Analyst Current Favourites list” External link

theglobeandmail Thursday, March 12, 2020 4:01:00 PM EAT

Frederic Bastien said : “We expect the combination of these complementary businesses (expected to close in 2Q20) to yield a leading Canadian support services firm with significantly broader scope, competitive advantages and enhanced long-term growth opportunities,” External link

theglobeandmail Thursday, March 12, 2020 4:01:00 PM EAT

Frederic Bastien said : “Our new target is based off an EV/EBITDA multiple of 5.5 times our pro-forma estimates for the combined operations for 2020, which sits as the low end of the stock’s 5-year historical trading range of 5-9 times,” “There is potential for HNL’s valuation to expand as it starts generating more consistent FCF, but we aren’t ready to go there at this juncture” External link

theglobeandmail Thursday, March 12, 2020 4:01:00 PM EAT

Frederic Bastien said : “Russel Metals missed 4Q19 expectations primarily due to a steeper-than-expected decline in average selling price across its business. The good news is that steel pricing has recovered from its November lows and demand remains consistent with early 2019. This still gives us confidence that after two years of tariff driven volatility, RUS’ financial performance will normalize in 2020, with quarterly results steadily improving from its low 4Q19 base” External link

theglobeandmail Wednesday, February 12, 2020 8:19:00 PM EAT

Frederic Bastien said : “Russel Metals missed 4Q19 expectations primarily due to a steeper-than-expected decline in average selling price across its business. The good news is that steel pricing has recovered from its November lows and demand remains consistent with early 2019. This still gives us confidence that after two years of tariff driven volatility, RUS’ financial performance will normalize in 2020, with quarterly results steadily improving from its low 4Q19 base” External link

theglobeandmail Wednesday, February 12, 2020 6:01:00 PM EAT

Frederic Bastien says : “In Anglo-Saxon countries, people cannot understand laïcité , because for them, it’s the government intervening,” External link

news-yahoo Wednesday, January 15, 2020 4:41:00 AM EAT

Frederic Bastien says : “In Anglo-Saxon countries ... it’s the government intervening,” External link

csmonitor Wednesday, January 15, 2020 1:14:00 AM EAT

Frederic Bastien said : “have showed us in the last few years they have trouble with fixed-price projects,” “They’ve decided to exit these high-risk contracts, but they still have a big backlog to execute on. I will need more visibility on 2020 before becoming positive” External link

montrealgazette Monday, December 23, 2019 8:44:00 PM EAT

Frederic Bastien said : “have showed us in the last few years they have trouble with fixed-price projects,” “They’ve decided to exit these high-risk contracts, but they still have a big backlog to execute on. I will need more visibility on 2020 before becoming positive” External link

montrealgazette Tuesday, December 17, 2019 2:30:00 AM EAT

Frederic Bastien said ( about The Lord ) : “The judge is helping to fund an organization that is actively opposing a law that is the subject of litigation in its court,” External link

globalnews Wednesday, December 4, 2019 6:35:00 PM EAT

Frederic Bastien says : “It’s not acceptable for a judge to say ‘I’m a feminist,’ or ‘I’m a masculinist,’ or a socialist, or a communist,” “Whatever ‘ist’ or ‘ism’ you’re talking about, you should keep to yourself about your personal views about the case” External link

citynews-ca Tuesday, December 3, 2019 2:23:00 PM EAT

Frederic Bastien says : “It’s not acceptable for a judge to say ‘I’m a feminist,’ or ‘I’m a masculinist,’ or a socialist, or a communist,” “Whatever ‘ist’ or ‘ism’ you’re talking about, you should keep to yourself about your personal views about the case” External link

680news Tuesday, December 3, 2019 1:15:00 PM EAT

Frederic Bastien says : "It's not acceptable for a judge to say 'I'm a feminist,' or 'I'm a masculinist,' or a socialist, or a communist," "Whatever 'ist' or 'ism' you're talking about, you should keep to yourself about your personal views about the case" External link

timescolonist Tuesday, December 3, 2019 12:57:00 PM EAT

Frederic Bastien said : "It's not acceptable for a judge to say 'I'm a feminist,' or 'I'm a masculinist,' or a socialist, or a communist," External link

timescolonist Tuesday, December 3, 2019 2:23:00 AM EAT

Frederic Bastien said : “The visual allergies of certain people or the fact that teachers lose the right to enter into the profession of their choice?” External link

montrealgazette Monday, December 2, 2019 11:58:00 PM EAT

Frederic Bastien wrote : “Given the cause she is hearing, there is an appearance of bias that she should avoid,” External link

montrealgazette Monday, December 2, 2019 11:58:00 PM EAT

Frederic Bastien argued : "The appearance of impartiality is undermined by this participation," "The judge helps fund an organization that actively opposes legislation that is the subject of litigation in its court" External link

ctvnews Monday, December 2, 2019 11:12:00 PM EAT

Frederic Bastien writes : "In it, she makes political statements and participates in a political debate by saying, in particular, that 'the discourse on the negative consequences of multiculturalism cannot lead anywhere' and that 'one cannot dictate the end of multiculturalism, nor can we ignore the need to accommodate our minorities,'" External link

ctvnews Monday, December 2, 2019 11:12:00 PM EAT

Frederic Bastien concludes ( about Sonia Lebel ) : "For all these reasons, Judge Duval Hesler should recuse herself and if she does not do so, the (Quebec) Attorney General, Ms. Sonia Lebel, should suggest that she do," External link

ctvnews Monday, December 2, 2019 11:12:00 PM EAT

Frederic Bastien argued : "The appearance of impartiality is undermined by this participation," "The judge helps fund an organization that actively opposes legislation that is the subject of litigation in its court" External link

barrie Monday, December 2, 2019 9:14:00 PM EAT

Frederic Bastien writes : "In it, she makes political statements and participates in a political debate by saying, in particular, that 'the discourse on the negative consequences of multiculturalism cannot lead anywhere' and that 'one cannot dictate the end of multiculturalism, nor can we ignore the need to accommodate our minorities,'" External link

barrie Monday, December 2, 2019 9:14:00 PM EAT

Frederic Bastien concludes ( about Sonia Lebel ) : "For all these reasons, Judge Duval Hesler should recuse herself and if she does not do so, the (Quebec) Attorney General, Ms. Sonia Lebel, should suggest that she do," External link

barrie Monday, December 2, 2019 9:14:00 PM EAT

Frederic Bastien argued : "The appearance of impartiality is undermined by this participation," "The judge helps fund an organization that actively opposes legislation that is the subject of litigation in its court" External link

barrie Monday, December 2, 2019 2:35:00 AM EAT

Frederic Bastien writes : "In it, she makes political statements and participates in a political debate by saying, in particular, that 'the discourse on the negative consequences of multiculturalism cannot lead anywhere' and that 'one cannot dictate the end of multiculturalism, nor can we ignore the need to accommodate our minorities,'" External link

barrie Monday, December 2, 2019 2:35:00 AM EAT

Frederic Bastien concludes ( about Sonia Lebel ) : "For all these reasons, Judge Duval Hesler should recuse herself and if she does not do so, the (Quebec) Attorney General, Ms. Sonia Lebel, should suggest that she do," External link

barrie Monday, December 2, 2019 2:35:00 AM EAT

Frederic Bastien said : “Stuart Olson managed to meet expectations for 3Q19, but that was about the only positive we took away from the earnings release,” “Markets and competition are not cooperating, the balance sheet is deteriorating, and more executives are leaving the company. SOX might not be a lost cause longer term, but with yesterday’s dividend suspension the prospect of retail investors dumping the stock like rats fleeing a sinking ship seem highly probable. As we see no point fighting the tape heading into tax loss selling season, we are cutting our recommendation” External link

theglobeandmail Thursday, November 7, 2019 5:42:00 PM EAT

Frederic Bastien said : "We did not think much of CFO Daryl Sands’ departure earlier this fall, but we were surprised to learn yesterday that Bob Myles also left his position as COO of the Industrial Group. Taking over the segment’s leadership duties is none other than CEO David LeMay, who in 2Q18 also starting assuming the top role for the Buildings Group. We’re all for a leaner, more vertically integrated organization with direct lines of communication to operations and customers, but we are left wondering if this right sizing comes too little too late. He also sees Stuart Olson sitting in a “precarious” financial situation. “The net debt to adjusted EBITDA ratio shot up to 4.0 times at quarter end, forcing the company to call on its bankers for amended terms (and call it quits on the dividend)," "SOX must now keep its leverage below 4.25 times through Jun-30-20, a feat that does not come without risk in Alberta’s current business landscape”. ). The average is $23.63. “Life Sciences division is firing on all cylinders while the company appears to be gaining traction on its joint go-to-market strategy with Comecer in North America,” the analyst said. “From a risk perspective, we remain cautious on verticals and end-markets that are right in the firing line of global trade slowdown, i.e., German manufacturing industry and global automotive sales. Risk is also rising in the UK around Brexit while EV capital decisions are being slowly pushed to the right in North America. Macro as of yet has not impacted bookings / backlog and client channel checks are showing a healthy funnel but contracting industrial PMIs in key geographies (Germany / most of Europe / U.S.), that are also forward-looking, have been weaker than expected. We wonder if that macro readings are acting with a greater lag or whether ATS has been able to outmaneuver the slowdown. We remain on the sidelines” Mr. Sytchev also kept an “outperform” rating and $9.50 target for Bird Construction Inc. ). The average is $8.13. “The investment thesis for the near term is continued (positive) backlog evolution; margin improvement will be the by-product of that,” he said. :Against the backdrop of numerous incidents due to industry challenges, Bird management has shrewdly identified a “comfort zone” of smaller or medium-sized projects to proactively manage risks. We applaud this approach as in our view, investor mindset has also shifted from rewarding size (by simply growing backlog) to focusing on consistent profitability. The embedded backlog is underpinning a positive trajectory to higher margins while the company strives to bring industrial work back to 50 per cent of consolidated top line. Cedar Valley Lodge is in full production; management is adamant that FLR’s recent issues are isolated from Bird’s progress on site. The additional wins at LNG Canada are both in early stage but recall the scope of addressable work can be up to $1.0-billion. The problematic contract that plagued the H1 performance will be in the rear-view mirror by year end (even in the current quarter the impact was negligible). All in, we are feeling very comfortable with company’s prospects" External link

theglobeandmail Thursday, November 7, 2019 5:42:00 PM EAT

Frederic Bastien said : “We maintain our constructive rating on WSP Global after yesterday’s solid 3Q19 results. These, in our view, are evidence that scale matters in the engineering consulting industry. Our Best Pick for 2019 is not only leveraging its global footprint and technical leadership to produce consistent EBITDA growth, but also drawing on a dynamic team to create new opportunities for the business. Look no further than the recently announced Ecology & Environment, Orbicon and Lievense acquisitions for proof. All three deals solidify WSP’s core design practice in OECD countries and at the same time accelerate the growth of its advisory, planning and permitting services. Add to that a clean bill of health on all metrics we consider key to the sector—including margins, ROIC, DSO and leverage—and there’s good reason to believe WSP’s valuation should command a premium in the market” External link

theglobeandmail Wednesday, November 6, 2019 6:38:00 PM EAT

Frederic Bastien said : “Our view was always that the Chinese were getting a really, really good deal because the fundamentals were improving, everything was lining up in favour of Aecon,” External link

theepochtimes Tuesday, July 30, 2019 4:37:00 PM EAT

Frederic Bastien said : “It’s become the place where people want to go work,” “What was lacking 10 years ago was probably the very strong level of bench strength, the level of strength at the management level, and I think that’s been largely addressed” External link

theepochtimes Tuesday, July 30, 2019 4:37:00 PM EAT

Frederic Bastien said : "We believe SNC-Lavalin's decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term," External link

timescolonist Saturday, July 27, 2019 4:17:00 AM EAT

Frederic Bastien said : "None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there's suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof," External link

timescolonist Saturday, July 27, 2019 4:17:00 AM EAT

Frederic Bastien said : “We believe SNC-Lavalin’s decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term,” External link

TorontoStar Friday, July 26, 2019 11:09:00 PM EAT

Frederic Bastien said : “None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there’s suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof,” External link

TorontoStar Friday, July 26, 2019 11:09:00 PM EAT

Frederic Bastien said : “We believe SNC-Lavalin’s decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term,” External link

TorontoStar Friday, July 26, 2019 8:14:00 PM EAT

Frederic Bastien said : “None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there’s suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof,” External link

TorontoStar Friday, July 26, 2019 8:14:00 PM EAT

Frederic Bastien said : “We believe SNC-Lavalin’s decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term,” External link

theglobeandmail Friday, July 26, 2019 7:46:00 PM EAT

Frederic Bastien said : “None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there’s suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof,” External link

theglobeandmail Friday, July 26, 2019 7:46:00 PM EAT

Frederic Bastien said : "We believe SNC-Lavalin's decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term," External link

timescolonist Friday, July 26, 2019 7:22:00 PM EAT

Frederic Bastien said : "None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there's suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof," External link

timescolonist Friday, July 26, 2019 7:22:00 PM EAT

Frederic Bastien indiqué : «Le nouveau président doit redresser la barre dans un climat d'instabilité juridique, au moment où le contexte politique nuit à l'entreprise, que les risques d'exécution demeurent élevés et que le moral des employés est au plus bas» External link

lapresse-CA Tuesday, July 23, 2019 1:34:00 AM EAT

Frederic Bastien said : “The global adoption of AI and IoT technologies is powering the next wave of industrial-digital enterprises. The Mnubo AI and analytics infrastructure was purpose-built to accelerate the digital transformation of traditional industries by democratizing the power of artificial intelligence and machine learning. Our location in Montreal’s world-class AI ecosystem enables AspenTech to establish a Centre of Excellence for these cutting-edge technologies, and to attract some of the best talent in this space. We are very excited to continue to develop innovative AI solutions that target the industrial internet of things at enterprise scale, under the AspenTech umbrella,” External link

businesswire Saturday, July 13, 2019 3:11:00 AM EAT

Frederic Bastien ajouté : “L’adoption dans le monde entier de l’IA et de l’IoT est au centre de la prochaine génération d’entreprises industrielles-numériques. L’infrastructure d’IA et d’analytique de Mnubo a été créée spécifiquement pour accélérer la transformation numérique des entreprises en démocratisant la puissance de l’IA et de l’Apprentissage Machine. AspenTech apporte la possibilité aux talents québécois de continuer à innover et de commercialiser leurs solutions d’IA chez des milliers de clients industriels. Cet investissement profitera à la province de manière durable. Nous sommes excités de continuer à développer nos solutions d’IA à Montréal et de cibler l’IdO industriel sous l’égide d’AspenTech” External link

businesswire Saturday, July 13, 2019 3:11:00 AM EAT

Frederic Bastien said : “We are very excited to continue to develop innovative AI solutions that target the industrial internet of things at enterprise scale, under the AspenTech umbrella,” External link

theglobeandmail Friday, July 12, 2019 4:18:00 PM EAT

Frederic Bastien said : “The global adoption of AI and IoT technologies is powering the next wave of industrial-digital enterprises. The Mnubo AI and analytics infrastructure was purpose-built to accelerate the digital transformation of traditional industries by democratizing the power of artificial intelligence and machine learning. Our location in Montreal’s world-class AI ecosystem enables AspenTech to establish a Centre of Excellence for these cutting-edge technologies, and to attract some of the best talent in this space. We are very excited to continue to develop innovative AI solutions that target the industrial internet of things at enterprise scale, under the AspenTech umbrella,” External link

4-traders Friday, July 12, 2019 2:49:00 PM EAT

Frederic Bastien said : “In our opinion, this low-risk, fee-based business has grown so diverse that no one sector or region can veer it off course,” External link

theglobeandmail Tuesday, May 14, 2019 10:49:00 PM EAT

Frederic Bastien said : “In our opinion, this low-risk, fee-based business has grown so diverse that no one sector or region can veer it off course,” External link

TorontoStar Tuesday, May 14, 2019 9:11:00 PM EAT

Frederic Bastien said : "In our opinion, this low-risk, fee-based business has grown so diverse that no one sector or region can veer it off course," External link

timescolonist Tuesday, May 14, 2019 8:42:00 PM EAT

Frederic Bastien added : "Considering this shareholder only has to match OMERS' $3.25-billion offer, the net proceeds to SNC are unlikely to change materially," External link

thespec Friday, May 3, 2019 1:36:00 AM EAT

Frederic Bastien added : "Considering this shareholder only has to match OMERS' $3.25-billion offer, the net proceeds to SNC are unlikely to change materially," External link

thespec Friday, May 3, 2019 1:36:00 AM EAT

Frederic Bastien added : “Considering this shareholder only has to match OMERS’ $3.25-billion offer, the net proceeds to SNC are unlikely to change materially,” External link

cknw Friday, May 3, 2019 1:13:00 AM EAT

Frederic Bastien added : “Considering this shareholder only has to match OMERS’ $3.25-billion offer, the net proceeds to SNC are unlikely to change materially,” External link

globalnews Friday, May 3, 2019 12:19:00 AM EAT

Frederic Bastien added : "Considering this shareholder only has to match OMERS' $3.25-billion offer, the net proceeds to SNC are unlikely to change materially," External link

timescolonist Thursday, May 2, 2019 6:08:00 PM EAT

Frederic Bastien said ( about Solutions ) : “We are thrilled to be working with NSSOL to accelerate the adoption of their IoX TM Solutions and drive business value in the Japanese IIoT market,” External link

businesswire Wednesday, April 24, 2019 8:13:00 AM EAT

Frederic Bastien explained : “Not all 9,000 employees work on federal contracts, and SNC is legally contracted to complete assignments that are in backlog, so they just can’t pack up and go,” External link

TorontoStar Tuesday, March 12, 2019 2:16:00 AM EAT

Frederic Bastien said : “We still view Aecon Group as the contractor to own post solid 4Q18 results. The firm is working off a record backlog of mass transit and nuclear power refurbishment work in Eastern Canada, and ideally positioned on all major pipelines earmarked for construction in Western Canada. Aecon’s also sitting on a pile of cash following the sale of its contract mining assets, giving it the flexibility to invest in long-term concessions, pursue bolt-on acquisitions and return more to its shareholders. For proof consider that the Board just approved a 16% increase in the quarterly dividend to $0.145 per share, for an implied yield in excess of 3%. In spite all of this, the stock continues to trade well off its historical and peer group averages. From where we sit, there is plenty of upside left in Aecon” External link

theglobeandmail Thursday, March 7, 2019 1:22:00 AM EAT

Frederic Bastien said : “We still view Aecon Group as the contractor to own post solid 4Q18 results. The firm is working off a record backlog of mass transit and nuclear power refurbishment work in Eastern Canada, and ideally positioned on all major pipelines earmarked for construction in Western Canada. Aecon’s also sitting on a pile of cash following the sale of its contract mining assets, giving it the flexibility to invest in long-term concessions, pursue bolt-on acquisitions and return more to its shareholders. For proof consider that the Board just approved a 16% increase in the quarterly dividend to $0.145 per share, for an implied yield in excess of 3%. In spite all of this, the stock continues to trade well off its historical and peer group averages. From where we sit, there is plenty of upside left in Aecon” External link

theglobeandmail Wednesday, March 6, 2019 7:50:00 PM EAT

Frederic Bastien noted : “You can now add balance sheet risk to the list of concerns keeping us neutral on the stock” External link

TorontoStar Thursday, February 21, 2019 11:19:00 PM EAT

Frederic Bastien said : “With little to inspire us in the short-term — not even a valuation that defies logic — we downgrade the stock ... A better way to gain exposure to growing global infrastructure markets, in our view, is to be long WSP Global and trade Aecon Group at the right points of the cycle” External link

theglobeandmail Tuesday, January 29, 2019 6:03:00 PM EAT

Frederic Bastien said : “We are thrilled to be working with Yanmar on their IoT Smart Greenhouse project,” External link

businesswire Thursday, October 26, 2017 2:11:00 AM EAT

Frederic Bastien said : “Underpinning our recommendation and growth expectations through 2018 are the soundness of Aecon’s diversified strategy, its rock-solid balance sheet and its leadership position in two of Canada’s most promising construction segments — mass transit and nuclear power refurbishment,” External link

theglobeandmail Thursday, March 9, 2017 7:54:00 PM EAT

Frederic Bastien said : “mnubo sees a future where connected smart objects become ubiquitous in our daily lives, and the Ayla IoT platform can help manufacturers of smart objects get to market faster with much more robust, secure and high-performing IoT products,” External link

businesswire Wednesday, October 12, 2016 3:36:00 PM EAT

Frédéric Bastien said : “Management knows it must strike while the iron is hot, however, as the opportunity window will likely shut the moment Brazil starts showing signs of stabilization,” External link

theglobeandmail Wednesday, June 8, 2016 12:51:00 AM EAT

Frédéric Bastien said : “The commemorative aspect is completely lacking,” External link

theglobeandmail Friday, June 3, 2016 11:14:00 PM EAT

Frédéric Bastien said ( about Whole Foods Market Inc ) : “BIP’s 70-per-cent market share on all new ‘last-mile’` electricity and natural gas connections in the UK positions the business for strong gains through 2017, as does the country’s £10-£12-billion smart meter rollout beyond our forecast horizon,” “BIP already secured a $220-million contract for 700,000 accredited smart meters, and is now bidding on agreements that could see it invest another $600-million in the medium term. This program is only one of many organic growth initiatives along with NGPL’s Chicago Market Expansion Project leading us to believe that a period of outperformance for BIP may be just around the corner” External link

theglobeandmail Wednesday, June 1, 2016 5:48:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
analyst38.46%EN03/09/201709/03/2017
ceo30.77%EN10/12/201612/10/2016
head7.69%EN06/03/201603/06/2016
historien23.08%FR04/17/201417/04/2014
Names Lang Count
Frédéric BastienFR67.74%
Frederic BastienEN22.58%
Frédéric BastienEN6.45%
Frederic BastienFR3.23%
Fréderick BastienPT0.00%


 
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Frédéric Bastien

Last updated on 2014-04-25T19:55+0300.

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Frederic Bastien said : “Our Outperform recommendation on Neo Performance Materials is reaffirmed after [Monday’s] solid 4Q20 print showed the company capitalizing on rebounding end-market demand,” “With the speed of recovery much faster than projected ... we find ourselves raising our profit forecasts for 2021 and 2022 yet again” External link

theglobeandmail Tuesday, March 23, 2021 2:35:00 PM EAT

Frederic Bastien said : “A big part of our downgrade is also valuation driven, with BDT producing a total return of 85 per cent since we went ‘all in’ on the stock in our March 12, 2020 Comment ... (for context the TSX composite gained 49 per cent over that same period),” “We still believe — largely based on the significant strides management has taken to derisk the business, diversify the work program and strengthen the balance sheet —that Bird will continue to create shareholder value through 2022. At this juncture, however, the contractor no longer merits our Analyst Current Favourite status” External link

theglobeandmail Thursday, March 11, 2021 3:48:00 PM EAT

Frederic Bastien said ( about British ) : “This is particularly true in British Columbia, where the second wave of the pandemic has forced public health officials to tighten the screws and limit the number of employees on large project sites — including LNG Canada,” “Bird is also experiencing delays in project tenders and awards from clients, which is shifting portions of its work program into the back half of the year and into 2022. Accordingly, we have lowered our expectations for the business shorter term” External link

theglobeandmail Thursday, March 11, 2021 3:48:00 PM EAT

Frederic Bastien said : “Based on the continued improvement in Stantec’s financial performance, an ESG profile that ought to turn the competition green with envy, and what we perceive as a low relative valuation still, we believe there is room for the stock price to keep running,” External link

theglobeandmail Thursday, March 4, 2021 3:43:00 PM EAT

Frederic Bastien said : “FirstService’s two operating segments demonstrated thoughout 2020 they can vigorously cut costs in the face of economic disruption and still seize on emerging revenue opportunities,” “In 2H20, these came courtesy of a record-setting storm season and a red-hot housing market. Given its unwavering promise of service excellence and record liquidity levels, we can comfortably say FSV will exit the pandemic in a strengthened competitive position” External link

theglobeandmail Wednesday, February 10, 2021 4:08:00 PM EAT

Frederic Bastien said : “With trade protectionism giving way to a global fight against a common viral enemy, it paid to stay long the large, defensive and globally diversified stocks we cover. Our best performers for 2019 — long-term compounders Brookfield Renewable, FirstService and WSP Global — took top honours again in 2020 alongside IBI Group. The Street was initially unfriendly to our smaller cap or more geographically concentrated names, but started warming up to them as vaccine progress spread optimism for an economic recovery. Assuming today’s soaring COVID-19 cases do not kibosh this momentum, we expect this ‘rotation’ to continue running its course in 2021” External link

theglobeandmail Wednesday, January 20, 2021 5:46:00 PM EAT

Frederic Bastien said : “Our favourite small-cap ideas are Bird Construction and Black Diamond Group, which are both entering the year fresh off transformative acquisitions and solid operating results,” “In the mid-cap category, we believe Aecon Group has the most room to run after a generally disappointing stock performance in 2020, while Stantec arguably has most to gain from a positive re-rating. Lastly, our preferred large-cap option is Brookfield Infrastructure. With some major investments now moving the needle on results, expectations for organic growth to rev up, and an M&A pipeline rich in potential catalysts, we expect our Best Pick for 2021 to lead its industry in cash flow growth this year” External link

theglobeandmail Wednesday, January 20, 2021 5:46:00 PM EAT

Frederic Bastien said : “With trade protectionism giving way to a global fight against a common viral enemy, it paid to stay long the large, defensive and globally diversified stocks we cover. Our best performers for 2019 — long-term compounders Brookfield Renewable, FirstService and WSP Global — took top honours again in 2020 alongside IBI Group. The Street was initially unfriendly to our smaller cap or more geographically concentrated names, but started warming up to them as vaccine progress spread optimism for an economic recovery. Assuming today’s soaring COVID-19 cases do not kibosh this momentum, we expect this ‘rotation’ to continue running its course in 2021” External link

theglobeandmail Wednesday, January 20, 2021 4:49:00 PM EAT

Frederic Bastien said : “Our favourite small-cap ideas are Bird Construction and Black Diamond Group, which are both entering the year fresh off transformative acquisitions and solid operating results,” “In the mid-cap category, we believe Aecon Group has the most room to run after a generally disappointing stock performance in 2020, while Stantec arguably has most to gain from a positive re-rating. Lastly, our preferred large-cap option is Brookfield Infrastructure. With some major investments now moving the needle on results, expectations for organic growth to rev up, and an M&A pipeline rich in potential catalysts, we expect our Best Pick for 2021 to lead its industry in cash flow growth this year” External link

theglobeandmail Wednesday, January 20, 2021 4:49:00 PM EAT

Frederic Bastien said : “Its liquidity [or available cash to deploy] remains largely unchanged, at US$575-million, yielding management the flexibility to go after acquisition targets of all sizes,” External link

theglobeandmail Tuesday, November 3, 2020 3:08:00 AM EAT

Frederic Bastien said ( about Avenir Quebec ) : "If we do nothing, in the year 2100, only 50 per cent of people in Quebec will have French as a mother tongue," "And what's shocking is that as soon as you bring this up, Quebecers are systematically accused of racism" External link

barrie Thursday, October 8, 2020 8:51:00 PM EAT

Frederic Bastien said ( about Avenir Quebec ) : “If we do nothing, in the year 2100, only 50 per cent of people in Quebec will have French as a mother tongue,” “And what’s shocking is that as soon as you bring this up, Quebecers are systematically accused of racism” External link

cknw Thursday, October 8, 2020 8:37:00 PM EAT

Frederic Bastien said ( about Avenir Quebec ) : "If we do nothing, in the year 2100, only 50 per cent of people in Quebec will have French as a mother tongue," "And what's shocking is that as soon as you bring this up, Quebecers are systematically accused of racism" External link

timescolonist Thursday, October 8, 2020 8:15:00 PM EAT

Frederic Bastien said ( about Avenir Quebec ) : “If we do nothing, in the year 2100, only 50 per cent of people in Quebec will have French as a mother tongue,” “And what’s shocking is that as soon as you bring this up, Quebecers are systematically accused of racism” External link

globalnews Thursday, October 8, 2020 8:11:00 PM EAT

Frederic Bastien déclaré ( about Nathalie Normandeau ) : «Chaque année, et je m’y engage, les drapeaux devraient être mis en berne partout au Québec pour se remémorer l’une des pires injustices de notre histoire, dont les conséquences néfastes continuent de se faire sentir avec la Charte canadienne des droits et libertés, qui a récemment permis à Nathalie Normandeau d’éviter un procès, entre autres» External link

journaldemontreal Monday, September 28, 2020 7:20:00 AM EAT

Frederic Bastien dénonce : «Ce qui se passe dans la chambre à coucher des citoyens, ça ne regarde pas l’État» External link

journaldemontreal Friday, September 4, 2020 2:06:00 PM EAT

Frederic Bastien dénonce : «Le mandat de Bibliothèque et Archives Canada, c’est d’empêcher les Québécois de connaître leur histoire» External link

journaldemontreal Friday, September 4, 2020 2:06:00 PM EAT

Frederic Bastien dit : «Gagner des pouvoirs, c’est un pas vers la souveraineté» External link

journaldemontreal Wednesday, August 26, 2020 3:47:00 PM EAT

Frederic Bastien said : “There is some logic to how our coverage of infrastructure and property services firms have navigated one of the fastest market corrections in history. No stock has been spared, but generally speaking we have seen large, diversified and quality businesses hold their own better than Canadian small-cap stocks. On this basis, the 23-per-cent pullback in Bird Construction may not look that bad (it is ‘only’ three percentage points worse than the TSX over the last 13 trading sessions). But these losses come at a time when BDT’s diversification efforts are bearing fruit, its earnings per share are poised to triple in 2020, and the balance sheet is the strongest it’s been in three years. We see a disconnect, and it’s time for us to be more vocal about it. Accordingly, we are upgrading our recommendation to Strong Buy and adding BDT to Raymond James’ Analyst Current Favourites list” External link

theglobeandmail Thursday, March 19, 2020 4:36:00 PM EAT

Frederic Bastien said : “We expect the combination of these complementary businesses (expected to close in 2Q20) to yield a leading Canadian support services firm with significantly broader scope, competitive advantages and enhanced long-term growth opportunities,” External link

theglobeandmail Thursday, March 19, 2020 4:36:00 PM EAT

Frederic Bastien said : “Our new target is based off an EV/EBITDA multiple of 5.5 times our pro-forma estimates for the combined operations for 2020, which sits as the low end of the stock’s 5-year historical trading range of 5-9 times,” “There is potential for HNL’s valuation to expand as it starts generating more consistent FCF, but we aren’t ready to go there at this juncture” External link

theglobeandmail Thursday, March 19, 2020 4:36:00 PM EAT

Frederic Bastien said : “There is some logic to how our coverage of infrastructure and property services firms have navigated one of the fastest market corrections in history. No stock has been spared, but generally speaking we have seen large, diversified and quality businesses hold their own better than Canadian small-cap stocks. On this basis, the 23-per-cent pullback in Bird Construction may not look that bad (it is ‘only’ three percentage points worse than the TSX over the last 13 trading sessions). But these losses come at a time when BDT’s diversification efforts are bearing fruit, its earnings per share are poised to triple in 2020, and the balance sheet is the strongest it’s been in three years. We see a disconnect, and it’s time for us to be more vocal about it. Accordingly, we are upgrading our recommendation to Strong Buy and adding BDT to Raymond James’ Analyst Current Favourites list” External link

theglobeandmail Thursday, March 12, 2020 4:01:00 PM EAT

Frederic Bastien said : “We expect the combination of these complementary businesses (expected to close in 2Q20) to yield a leading Canadian support services firm with significantly broader scope, competitive advantages and enhanced long-term growth opportunities,” External link

theglobeandmail Thursday, March 12, 2020 4:01:00 PM EAT

Frederic Bastien said : “Our new target is based off an EV/EBITDA multiple of 5.5 times our pro-forma estimates for the combined operations for 2020, which sits as the low end of the stock’s 5-year historical trading range of 5-9 times,” “There is potential for HNL’s valuation to expand as it starts generating more consistent FCF, but we aren’t ready to go there at this juncture” External link

theglobeandmail Thursday, March 12, 2020 4:01:00 PM EAT

Frederic Bastien said : “Russel Metals missed 4Q19 expectations primarily due to a steeper-than-expected decline in average selling price across its business. The good news is that steel pricing has recovered from its November lows and demand remains consistent with early 2019. This still gives us confidence that after two years of tariff driven volatility, RUS’ financial performance will normalize in 2020, with quarterly results steadily improving from its low 4Q19 base” External link

theglobeandmail Wednesday, February 12, 2020 8:19:00 PM EAT

Frederic Bastien said : “Russel Metals missed 4Q19 expectations primarily due to a steeper-than-expected decline in average selling price across its business. The good news is that steel pricing has recovered from its November lows and demand remains consistent with early 2019. This still gives us confidence that after two years of tariff driven volatility, RUS’ financial performance will normalize in 2020, with quarterly results steadily improving from its low 4Q19 base” External link

theglobeandmail Wednesday, February 12, 2020 6:01:00 PM EAT

Frederic Bastien says : “In Anglo-Saxon countries, people cannot understand laïcité , because for them, it’s the government intervening,” External link

news-yahoo Wednesday, January 15, 2020 4:41:00 AM EAT

Frederic Bastien says : “In Anglo-Saxon countries ... it’s the government intervening,” External link

csmonitor Wednesday, January 15, 2020 1:14:00 AM EAT

Frederic Bastien said : “have showed us in the last few years they have trouble with fixed-price projects,” “They’ve decided to exit these high-risk contracts, but they still have a big backlog to execute on. I will need more visibility on 2020 before becoming positive” External link

montrealgazette Monday, December 23, 2019 8:44:00 PM EAT

Frederic Bastien said : “have showed us in the last few years they have trouble with fixed-price projects,” “They’ve decided to exit these high-risk contracts, but they still have a big backlog to execute on. I will need more visibility on 2020 before becoming positive” External link

montrealgazette Tuesday, December 17, 2019 2:30:00 AM EAT

Frederic Bastien said ( about The Lord ) : “The judge is helping to fund an organization that is actively opposing a law that is the subject of litigation in its court,” External link

globalnews Wednesday, December 4, 2019 6:35:00 PM EAT

Frederic Bastien says : “It’s not acceptable for a judge to say ‘I’m a feminist,’ or ‘I’m a masculinist,’ or a socialist, or a communist,” “Whatever ‘ist’ or ‘ism’ you’re talking about, you should keep to yourself about your personal views about the case” External link

citynews-ca Tuesday, December 3, 2019 2:23:00 PM EAT

Frederic Bastien says : “It’s not acceptable for a judge to say ‘I’m a feminist,’ or ‘I’m a masculinist,’ or a socialist, or a communist,” “Whatever ‘ist’ or ‘ism’ you’re talking about, you should keep to yourself about your personal views about the case” External link

680news Tuesday, December 3, 2019 1:15:00 PM EAT

Frederic Bastien says : "It's not acceptable for a judge to say 'I'm a feminist,' or 'I'm a masculinist,' or a socialist, or a communist," "Whatever 'ist' or 'ism' you're talking about, you should keep to yourself about your personal views about the case" External link

timescolonist Tuesday, December 3, 2019 12:57:00 PM EAT

Frederic Bastien said : "It's not acceptable for a judge to say 'I'm a feminist,' or 'I'm a masculinist,' or a socialist, or a communist," External link

timescolonist Tuesday, December 3, 2019 2:23:00 AM EAT

Frederic Bastien said : “The visual allergies of certain people or the fact that teachers lose the right to enter into the profession of their choice?” External link

montrealgazette Monday, December 2, 2019 11:58:00 PM EAT

Frederic Bastien wrote : “Given the cause she is hearing, there is an appearance of bias that she should avoid,” External link

montrealgazette Monday, December 2, 2019 11:58:00 PM EAT

Frederic Bastien argued : "The appearance of impartiality is undermined by this participation," "The judge helps fund an organization that actively opposes legislation that is the subject of litigation in its court" External link

ctvnews Monday, December 2, 2019 11:12:00 PM EAT

Frederic Bastien writes : "In it, she makes political statements and participates in a political debate by saying, in particular, that 'the discourse on the negative consequences of multiculturalism cannot lead anywhere' and that 'one cannot dictate the end of multiculturalism, nor can we ignore the need to accommodate our minorities,'" External link

ctvnews Monday, December 2, 2019 11:12:00 PM EAT

Frederic Bastien concludes ( about Sonia Lebel ) : "For all these reasons, Judge Duval Hesler should recuse herself and if she does not do so, the (Quebec) Attorney General, Ms. Sonia Lebel, should suggest that she do," External link

ctvnews Monday, December 2, 2019 11:12:00 PM EAT

Frederic Bastien argued : "The appearance of impartiality is undermined by this participation," "The judge helps fund an organization that actively opposes legislation that is the subject of litigation in its court" External link

barrie Monday, December 2, 2019 9:14:00 PM EAT

Frederic Bastien writes : "In it, she makes political statements and participates in a political debate by saying, in particular, that 'the discourse on the negative consequences of multiculturalism cannot lead anywhere' and that 'one cannot dictate the end of multiculturalism, nor can we ignore the need to accommodate our minorities,'" External link

barrie Monday, December 2, 2019 9:14:00 PM EAT

Frederic Bastien concludes ( about Sonia Lebel ) : "For all these reasons, Judge Duval Hesler should recuse herself and if she does not do so, the (Quebec) Attorney General, Ms. Sonia Lebel, should suggest that she do," External link

barrie Monday, December 2, 2019 9:14:00 PM EAT

Frederic Bastien argued : "The appearance of impartiality is undermined by this participation," "The judge helps fund an organization that actively opposes legislation that is the subject of litigation in its court" External link

barrie Monday, December 2, 2019 2:35:00 AM EAT

Frederic Bastien writes : "In it, she makes political statements and participates in a political debate by saying, in particular, that 'the discourse on the negative consequences of multiculturalism cannot lead anywhere' and that 'one cannot dictate the end of multiculturalism, nor can we ignore the need to accommodate our minorities,'" External link

barrie Monday, December 2, 2019 2:35:00 AM EAT

Frederic Bastien concludes ( about Sonia Lebel ) : "For all these reasons, Judge Duval Hesler should recuse herself and if she does not do so, the (Quebec) Attorney General, Ms. Sonia Lebel, should suggest that she do," External link

barrie Monday, December 2, 2019 2:35:00 AM EAT

Frederic Bastien said : “Stuart Olson managed to meet expectations for 3Q19, but that was about the only positive we took away from the earnings release,” “Markets and competition are not cooperating, the balance sheet is deteriorating, and more executives are leaving the company. SOX might not be a lost cause longer term, but with yesterday’s dividend suspension the prospect of retail investors dumping the stock like rats fleeing a sinking ship seem highly probable. As we see no point fighting the tape heading into tax loss selling season, we are cutting our recommendation” External link

theglobeandmail Thursday, November 7, 2019 5:42:00 PM EAT

Frederic Bastien said : "We did not think much of CFO Daryl Sands’ departure earlier this fall, but we were surprised to learn yesterday that Bob Myles also left his position as COO of the Industrial Group. Taking over the segment’s leadership duties is none other than CEO David LeMay, who in 2Q18 also starting assuming the top role for the Buildings Group. We’re all for a leaner, more vertically integrated organization with direct lines of communication to operations and customers, but we are left wondering if this right sizing comes too little too late. He also sees Stuart Olson sitting in a “precarious” financial situation. “The net debt to adjusted EBITDA ratio shot up to 4.0 times at quarter end, forcing the company to call on its bankers for amended terms (and call it quits on the dividend)," "SOX must now keep its leverage below 4.25 times through Jun-30-20, a feat that does not come without risk in Alberta’s current business landscape”. ). The average is $23.63. “Life Sciences division is firing on all cylinders while the company appears to be gaining traction on its joint go-to-market strategy with Comecer in North America,” the analyst said. “From a risk perspective, we remain cautious on verticals and end-markets that are right in the firing line of global trade slowdown, i.e., German manufacturing industry and global automotive sales. Risk is also rising in the UK around Brexit while EV capital decisions are being slowly pushed to the right in North America. Macro as of yet has not impacted bookings / backlog and client channel checks are showing a healthy funnel but contracting industrial PMIs in key geographies (Germany / most of Europe / U.S.), that are also forward-looking, have been weaker than expected. We wonder if that macro readings are acting with a greater lag or whether ATS has been able to outmaneuver the slowdown. We remain on the sidelines” Mr. Sytchev also kept an “outperform” rating and $9.50 target for Bird Construction Inc. ). The average is $8.13. “The investment thesis for the near term is continued (positive) backlog evolution; margin improvement will be the by-product of that,” he said. :Against the backdrop of numerous incidents due to industry challenges, Bird management has shrewdly identified a “comfort zone” of smaller or medium-sized projects to proactively manage risks. We applaud this approach as in our view, investor mindset has also shifted from rewarding size (by simply growing backlog) to focusing on consistent profitability. The embedded backlog is underpinning a positive trajectory to higher margins while the company strives to bring industrial work back to 50 per cent of consolidated top line. Cedar Valley Lodge is in full production; management is adamant that FLR’s recent issues are isolated from Bird’s progress on site. The additional wins at LNG Canada are both in early stage but recall the scope of addressable work can be up to $1.0-billion. The problematic contract that plagued the H1 performance will be in the rear-view mirror by year end (even in the current quarter the impact was negligible). All in, we are feeling very comfortable with company’s prospects" External link

theglobeandmail Thursday, November 7, 2019 5:42:00 PM EAT

Frederic Bastien said : “We maintain our constructive rating on WSP Global after yesterday’s solid 3Q19 results. These, in our view, are evidence that scale matters in the engineering consulting industry. Our Best Pick for 2019 is not only leveraging its global footprint and technical leadership to produce consistent EBITDA growth, but also drawing on a dynamic team to create new opportunities for the business. Look no further than the recently announced Ecology & Environment, Orbicon and Lievense acquisitions for proof. All three deals solidify WSP’s core design practice in OECD countries and at the same time accelerate the growth of its advisory, planning and permitting services. Add to that a clean bill of health on all metrics we consider key to the sector—including margins, ROIC, DSO and leverage—and there’s good reason to believe WSP’s valuation should command a premium in the market” External link

theglobeandmail Wednesday, November 6, 2019 6:38:00 PM EAT

Frederic Bastien said : “Our view was always that the Chinese were getting a really, really good deal because the fundamentals were improving, everything was lining up in favour of Aecon,” External link

theepochtimes Tuesday, July 30, 2019 4:37:00 PM EAT

Frederic Bastien said : “It’s become the place where people want to go work,” “What was lacking 10 years ago was probably the very strong level of bench strength, the level of strength at the management level, and I think that’s been largely addressed” External link

theepochtimes Tuesday, July 30, 2019 4:37:00 PM EAT

Frederic Bastien said : "We believe SNC-Lavalin's decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term," External link

timescolonist Saturday, July 27, 2019 4:17:00 AM EAT

Frederic Bastien said : "None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there's suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof," External link

timescolonist Saturday, July 27, 2019 4:17:00 AM EAT

Frederic Bastien said : “We believe SNC-Lavalin’s decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term,” External link

TorontoStar Friday, July 26, 2019 11:09:00 PM EAT

Frederic Bastien said : “None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there’s suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof,” External link

TorontoStar Friday, July 26, 2019 11:09:00 PM EAT

Frederic Bastien said : “We believe SNC-Lavalin’s decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term,” External link

TorontoStar Friday, July 26, 2019 8:14:00 PM EAT

Frederic Bastien said : “None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there’s suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof,” External link

TorontoStar Friday, July 26, 2019 8:14:00 PM EAT

Frederic Bastien said : “We believe SNC-Lavalin’s decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term,” External link

theglobeandmail Friday, July 26, 2019 7:46:00 PM EAT

Frederic Bastien said : “None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there’s suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof,” External link

theglobeandmail Friday, July 26, 2019 7:46:00 PM EAT

Frederic Bastien said : "We believe SNC-Lavalin's decision to stop bidding on lump-sum work earlier this week has positive implications for Aecon — at least in the short term," External link

timescolonist Friday, July 26, 2019 7:22:00 PM EAT

Frederic Bastien said : "None of this guarantees Aecon will secure these complex transit jobs, but with some international firms also treading more carefully after taking significant blows in Canada, there's suddenly a dearth of contractors that can combine multi-trades, high and low voltage power, and sophisticated control systems under one roof," External link

timescolonist Friday, July 26, 2019 7:22:00 PM EAT

Frederic Bastien indiqué : «Le nouveau président doit redresser la barre dans un climat d'instabilité juridique, au moment où le contexte politique nuit à l'entreprise, que les risques d'exécution demeurent élevés et que le moral des employés est au plus bas» External link

lapresse-CA Tuesday, July 23, 2019 1:34:00 AM EAT

Frederic Bastien said : “The global adoption of AI and IoT technologies is powering the next wave of industrial-digital enterprises. The Mnubo AI and analytics infrastructure was purpose-built to accelerate the digital transformation of traditional industries by democratizing the power of artificial intelligence and machine learning. Our location in Montreal’s world-class AI ecosystem enables AspenTech to establish a Centre of Excellence for these cutting-edge technologies, and to attract some of the best talent in this space. We are very excited to continue to develop innovative AI solutions that target the industrial internet of things at enterprise scale, under the AspenTech umbrella,” External link

businesswire Saturday, July 13, 2019 3:11:00 AM EAT

Frederic Bastien ajouté : “L’adoption dans le monde entier de l’IA et de l’IoT est au centre de la prochaine génération d’entreprises industrielles-numériques. L’infrastructure d’IA et d’analytique de Mnubo a été créée spécifiquement pour accélérer la transformation numérique des entreprises en démocratisant la puissance de l’IA et de l’Apprentissage Machine. AspenTech apporte la possibilité aux talents québécois de continuer à innover et de commercialiser leurs solutions d’IA chez des milliers de clients industriels. Cet investissement profitera à la province de manière durable. Nous sommes excités de continuer à développer nos solutions d’IA à Montréal et de cibler l’IdO industriel sous l’égide d’AspenTech” External link

businesswire Saturday, July 13, 2019 3:11:00 AM EAT

Frederic Bastien said : “We are very excited to continue to develop innovative AI solutions that target the industrial internet of things at enterprise scale, under the AspenTech umbrella,” External link

theglobeandmail Friday, July 12, 2019 4:18:00 PM EAT

Frederic Bastien said : “The global adoption of AI and IoT technologies is powering the next wave of industrial-digital enterprises. The Mnubo AI and analytics infrastructure was purpose-built to accelerate the digital transformation of traditional industries by democratizing the power of artificial intelligence and machine learning. Our location in Montreal’s world-class AI ecosystem enables AspenTech to establish a Centre of Excellence for these cutting-edge technologies, and to attract some of the best talent in this space. We are very excited to continue to develop innovative AI solutions that target the industrial internet of things at enterprise scale, under the AspenTech umbrella,” External link

4-traders Friday, July 12, 2019 2:49:00 PM EAT

Frederic Bastien said : “In our opinion, this low-risk, fee-based business has grown so diverse that no one sector or region can veer it off course,” External link

theglobeandmail Tuesday, May 14, 2019 10:49:00 PM EAT

Frederic Bastien said : “In our opinion, this low-risk, fee-based business has grown so diverse that no one sector or region can veer it off course,” External link

TorontoStar Tuesday, May 14, 2019 9:11:00 PM EAT

Frederic Bastien said : "In our opinion, this low-risk, fee-based business has grown so diverse that no one sector or region can veer it off course," External link

timescolonist Tuesday, May 14, 2019 8:42:00 PM EAT

Frederic Bastien added : "Considering this shareholder only has to match OMERS' $3.25-billion offer, the net proceeds to SNC are unlikely to change materially," External link

thespec Friday, May 3, 2019 1:36:00 AM EAT

Frederic Bastien added : "Considering this shareholder only has to match OMERS' $3.25-billion offer, the net proceeds to SNC are unlikely to change materially," External link

thespec Friday, May 3, 2019 1:36:00 AM EAT

Frederic Bastien added : “Considering this shareholder only has to match OMERS’ $3.25-billion offer, the net proceeds to SNC are unlikely to change materially,” External link

cknw Friday, May 3, 2019 1:13:00 AM EAT

Frederic Bastien added : “Considering this shareholder only has to match OMERS’ $3.25-billion offer, the net proceeds to SNC are unlikely to change materially,” External link

globalnews Friday, May 3, 2019 12:19:00 AM EAT

Frederic Bastien added : "Considering this shareholder only has to match OMERS' $3.25-billion offer, the net proceeds to SNC are unlikely to change materially," External link

timescolonist Thursday, May 2, 2019 6:08:00 PM EAT

Frederic Bastien said ( about Solutions ) : “We are thrilled to be working with NSSOL to accelerate the adoption of their IoX TM Solutions and drive business value in the Japanese IIoT market,” External link

businesswire Wednesday, April 24, 2019 8:13:00 AM EAT

Frederic Bastien explained : “Not all 9,000 employees work on federal contracts, and SNC is legally contracted to complete assignments that are in backlog, so they just can’t pack up and go,” External link

TorontoStar Tuesday, March 12, 2019 2:16:00 AM EAT

Frederic Bastien said : “We still view Aecon Group as the contractor to own post solid 4Q18 results. The firm is working off a record backlog of mass transit and nuclear power refurbishment work in Eastern Canada, and ideally positioned on all major pipelines earmarked for construction in Western Canada. Aecon’s also sitting on a pile of cash following the sale of its contract mining assets, giving it the flexibility to invest in long-term concessions, pursue bolt-on acquisitions and return more to its shareholders. For proof consider that the Board just approved a 16% increase in the quarterly dividend to $0.145 per share, for an implied yield in excess of 3%. In spite all of this, the stock continues to trade well off its historical and peer group averages. From where we sit, there is plenty of upside left in Aecon” External link

theglobeandmail Thursday, March 7, 2019 1:22:00 AM EAT

Frederic Bastien said : “We still view Aecon Group as the contractor to own post solid 4Q18 results. The firm is working off a record backlog of mass transit and nuclear power refurbishment work in Eastern Canada, and ideally positioned on all major pipelines earmarked for construction in Western Canada. Aecon’s also sitting on a pile of cash following the sale of its contract mining assets, giving it the flexibility to invest in long-term concessions, pursue bolt-on acquisitions and return more to its shareholders. For proof consider that the Board just approved a 16% increase in the quarterly dividend to $0.145 per share, for an implied yield in excess of 3%. In spite all of this, the stock continues to trade well off its historical and peer group averages. From where we sit, there is plenty of upside left in Aecon” External link

theglobeandmail Wednesday, March 6, 2019 7:50:00 PM EAT

Frederic Bastien noted : “You can now add balance sheet risk to the list of concerns keeping us neutral on the stock” External link

TorontoStar Thursday, February 21, 2019 11:19:00 PM EAT

Frederic Bastien said : “With little to inspire us in the short-term — not even a valuation that defies logic — we downgrade the stock ... A better way to gain exposure to growing global infrastructure markets, in our view, is to be long WSP Global and trade Aecon Group at the right points of the cycle” External link

theglobeandmail Tuesday, January 29, 2019 6:03:00 PM EAT

Frederic Bastien said : “We are thrilled to be working with Yanmar on their IoT Smart Greenhouse project,” External link

businesswire Thursday, October 26, 2017 2:11:00 AM EAT

Frederic Bastien said : “Underpinning our recommendation and growth expectations through 2018 are the soundness of Aecon’s diversified strategy, its rock-solid balance sheet and its leadership position in two of Canada’s most promising construction segments — mass transit and nuclear power refurbishment,” External link

theglobeandmail Thursday, March 9, 2017 7:54:00 PM EAT

Frederic Bastien said : “mnubo sees a future where connected smart objects become ubiquitous in our daily lives, and the Ayla IoT platform can help manufacturers of smart objects get to market faster with much more robust, secure and high-performing IoT products,” External link

businesswire Wednesday, October 12, 2016 3:36:00 PM EAT

Frédéric Bastien said : “Management knows it must strike while the iron is hot, however, as the opportunity window will likely shut the moment Brazil starts showing signs of stabilization,” External link

theglobeandmail Wednesday, June 8, 2016 12:51:00 AM EAT

Frédéric Bastien said : “The commemorative aspect is completely lacking,” External link

theglobeandmail Friday, June 3, 2016 11:14:00 PM EAT

Frédéric Bastien said ( about Whole Foods Market Inc ) : “BIP’s 70-per-cent market share on all new ‘last-mile’` electricity and natural gas connections in the UK positions the business for strong gains through 2017, as does the country’s £10-£12-billion smart meter rollout beyond our forecast horizon,” “BIP already secured a $220-million contract for 700,000 accredited smart meters, and is now bidding on agreements that could see it invest another $600-million in the medium term. This program is only one of many organic growth initiatives along with NGPL’s Chicago Market Expansion Project leading us to believe that a period of outperformance for BIP may be just around the corner” External link

theglobeandmail Wednesday, June 1, 2016 5:48:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
analyst38.46%EN03/09/201709/03/2017
ceo30.77%EN10/12/201612/10/2016
head7.69%EN06/03/201603/06/2016
historien23.08%FR04/17/201417/04/2014
Names Lang Count
Frédéric BastienFR67.74%
Frederic BastienEN22.58%
Frédéric BastienEN6.45%
Frederic BastienFR3.23%
Fréderick BastienPT0.00%


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