Author Topic: SNC - SNC-Lavalin Group  (Read 17574 times)

longlake95

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Re: SNC - SNC-Lavalin Group
« Reply #50 on: December 04, 2019, 07:24:51 AM »
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


« Last Edit: December 04, 2019, 07:37:11 AM by longlake95 »


no_free_lunch

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Re: SNC - SNC-Lavalin Group
« Reply #51 on: December 04, 2019, 08:21:49 AM »
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

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Re: SNC - SNC-Lavalin Group
« Reply #52 on: December 04, 2019, 08:31:03 AM »
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.