This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"Like the U.S., Canada is looking to big infrastructure plans," says Roger Conrad. In The Canadian Edge, he looks to Bird Construction Income Fund (OTC: BIRDF) as his top pick for 2009.
The Canadian income stock specialist explains, "The U.S. isn't the only country about to pour billions into infrastructure; Canada is also making a big move. And Bird Construction will be a prime beneficiary of this infrastructure spending.
"Bird has been a dominant player in building design and construction services for more than 85 years. Today, the company literally has its hands in every province, supporting projects for everything from oil sands mining to school construction.
"Third quarter 2008 revenue surged 31.5%, pushing nine-month growth to 48.3% as earnings per share more than doubled from 2007 levels.
"Meanwhile, order backlog -- the best predictor of future growth -- rose to better than $1.2 billion (Canadian), up from $821 million a year ago and $969 million at the beginning of 2008.
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