SNC - SNC-Lavalin Group

[longlake95]

Yup, thats it in a nut shell. Politics and scandal aside, their engineering services are world class. I know some mining engineers and they sub contract SNC and they don't bat an eye when hiring SNC.
I added this week at 23, after the down pressure of being kicked out of the MSCI world index. On November 26 SNC traded a whopping 11 million shares as the indexes dumped SNC. I guess markets aren't efficient after all, LOL. I think this pull back is no-brainer.

LL

[no_free_lunch]

I appreciate the feedback longlake.  Your comments on the other thread resulted in me investigating SNC and making the position, so thanks for that as well.

It's still a small/medium position but I am likely to increase it after I do a bit more work on it.

[longlake95]

it's a 6% position for me. Ya, my valuation is fuzzy, the range of outcomes is higher than I'd like. But, I like the back stop of the asset value behind the concession business combined with the good probability that earnings normalize over time....it's a good set up.  I really like that JF is back in...I believe Jarislowsky was on the board for many years - he know what SNC's earnings power is.