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As troubling as it may seem, the disrepair that caused the tragic bridge collapse in Minneapolis was just the “tip of the iceberg,” said AECOM Technology President and CEO John Dionisio. According to the chief executive, 500 other bridges in the U.S. are in the same shape.
As one of Cramer’s key plays in the infrastructure bull market, AECOM [ACM
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] stands to gain from the country’s need for maintaining these structures.
It might not be obvious to some, but about half of ACM’s business is environmentally friendly. “Green is just not for buildings,” Dionisio said, it’s also for highways and transit.
Cramer said Dionisio is “money in the bank,” and AECOM is an easy way to play infrastructure. The stock might be a bit expensive on a multiple basis, but Cramer recommends pulling the trigger if the price comes in.
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