The Globe and Mail reports in its Monday edition that money manager John Zechner says buy Atkinsrealis Group. The Globe's Brenda Bouw writes that Mr. Zechner, chairman and lead equity manager at Toronto's J. Zechner Associates, says that Atkinsrealis, the engineering services and project management company formerly known as SNC-Lavalin, is a stock he has owned for more than a year in all client accounts. "We believe the company is well positioned to continue realizing strong organic revenue growth and margin expansion," Mr. Zechner told The Globe. "It has a strong backlog of projects across various industries and favourable demand trends, including an underappreciated nuclear segment. Atkinsrealis trades at a lower valuation than its Canadian engineering services peers. The biggest risk with engineering companies like this one is cost overruns. However, the company is moving away from fixed-cost contracts, which should help reduce that risk in the longer term." Over all, Mr. Zechner has been getting more defensive, trimming stocks in technology, consumer discretionary, financials and industrials. "The contrarian in me says that when everybody's bullish about everything, it's time to get a little cautious," he says.