Hi, Aditya. Well-done article. As a holder of Tornado, I was intrigued by your article on SA, which led me to subscribing to your substack. Bird looks great, but I wish I'd known about it earlier in 2024. I guess I'm a bit concerned about the share price right now. Bird reminds me a bit of Sterling Construction (STRL), which I hold and respect and has risen similarly. Anyway, please keep up the good work!
Thank you, Whitney, for your kind words and for subscribing! I’m glad you enjoyed both the Tornado and Bird articles.
I understand the concern about Bird’s share price after its strong run this year. That said, much like Sterling Construction (great hold, by the way!), Bird’s fundamentals and backlog suggest plenty of room for continued growth. It’s also nearing a market cap where institutional investors might take notice, adding another potential catalyst.
With compounders, I believe it’s less about being too early or too late and more about having a long-term view. If near-term price action worries you, waiting for a pullback or phasing into a position can help—but over time, where you enter matters less if the story plays out.
Great article, thanks for sharing! How do you assess election risk and tariffs, policies for a Trump win? What percentage of Bird’s projects are in Canada, USA and International?
Bird is currently focused on Canadian opportunities. At their recent Investor Day, they mentioned that while a U.S. expansion could be a major growth lever, they see an acquisition as the best entry strategy. However, this seems more like a long-term, 2030 goal. For now, they’re capitalizing on high-growth sectors within Canada, like infrastructure, telecom, and renewables.
A Trump win could indirectly impact Bird Construction, primarily through tariffs and trade policies affecting raw material costs. Raised tariffs on steel or aluminum might increase input costs, impacting margins if supply chains tighten. However, Bird’s focus on Canadian markets provides some insulation from U.S. tariff risks.
Hi, Aditya. Well-done article. As a holder of Tornado, I was intrigued by your article on SA, which led me to subscribing to your substack. Bird looks great, but I wish I'd known about it earlier in 2024. I guess I'm a bit concerned about the share price right now. Bird reminds me a bit of Sterling Construction (STRL), which I hold and respect and has risen similarly. Anyway, please keep up the good work!
Thank you, Whitney, for your kind words and for subscribing! I’m glad you enjoyed both the Tornado and Bird articles.
I understand the concern about Bird’s share price after its strong run this year. That said, much like Sterling Construction (great hold, by the way!), Bird’s fundamentals and backlog suggest plenty of room for continued growth. It’s also nearing a market cap where institutional investors might take notice, adding another potential catalyst.
With compounders, I believe it’s less about being too early or too late and more about having a long-term view. If near-term price action worries you, waiting for a pullback or phasing into a position can help—but over time, where you enter matters less if the story plays out.
Great article, thanks for sharing! How do you assess election risk and tariffs, policies for a Trump win? What percentage of Bird’s projects are in Canada, USA and International?
Thanks, thats a great question!
Bird is currently focused on Canadian opportunities. At their recent Investor Day, they mentioned that while a U.S. expansion could be a major growth lever, they see an acquisition as the best entry strategy. However, this seems more like a long-term, 2030 goal. For now, they’re capitalizing on high-growth sectors within Canada, like infrastructure, telecom, and renewables.
A Trump win could indirectly impact Bird Construction, primarily through tariffs and trade policies affecting raw material costs. Raised tariffs on steel or aluminum might increase input costs, impacting margins if supply chains tighten. However, Bird’s focus on Canadian markets provides some insulation from U.S. tariff risks.