SNC-Lavalin Group Inc.

SNC-T

TSE:SNC

23.44
0.59 (2.58%)
Founded in 1911, SNC-Lavalin Group Inc., a Montreal-based company, provides EPC and EPCM services in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power.
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Analysis and Opinions about SNC-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
December 21, 2018
(A Top Pick Sep 26/18, Down 16%) This is his third shot at this trade. There was a pretty sweet trading range. But now it's broken down. He's looking for an oversold bounce, and then they'll decide if it can break back above or if they need to ditch it. New investors may want to wait.
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(A Top Pick Sep 26/18, Down 16%) This is his third shot at this trade. There was a pretty sweet trading range. But now it's broken down. He's looking for an oversold bounce, and then they'll decide if it can break back above or if they need to ditch it. New investors may want to wait.
PAST TOP PICK
PAST TOP PICK
December 20, 2018
(A Top Pick Dec 28/17, Down 18%) Here is a company with the fundamentals correct but the market doesn't care. First there was the unfortunate tweet about Saudi Arabia. Second, there was the ethics issue from many years ago. The federal government is not letting them off easily on this one. Both things have caused the stock to tank even though it has nothing to do with current management, growth and so on. He is sticking with it. Ultimately this will go away.
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(A Top Pick Dec 28/17, Down 18%) Here is a company with the fundamentals correct but the market doesn't care. First there was the unfortunate tweet about Saudi Arabia. Second, there was the ethics issue from many years ago. The federal government is not letting them off easily on this one. Both things have caused the stock to tank even though it has nothing to do with current management, growth and so on. He is sticking with it. Ultimately this will go away.
PAST TOP PICK
PAST TOP PICK
November 15, 2018
(A Top Pick Aug 16/18, Down 13%) It's a play on global infrastructure (demand and spending), which he thinks any portfolio should have some exposure. How fast will North America ramp up infrastructure? Investors have been frustrated by how slow it's become by, say, Trump. Also, Saudi Arabia events have pressured SNC. He still likes SNC. It's a long-term play.
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(A Top Pick Aug 16/18, Down 13%) It's a play on global infrastructure (demand and spending), which he thinks any portfolio should have some exposure. How fast will North America ramp up infrastructure? Investors have been frustrated by how slow it's become by, say, Trump. Also, Saudi Arabia events have pressured SNC. He still likes SNC. It's a long-term play.
DON'T BUY
DON'T BUY
November 5, 2018
Considering current issues with Saudi Arabia and legal headwinds The analysts have knocked down their earnings forecasts. If this reached its FMV it would hit $64, a huge rebound. Good technical support at $47-49. How serious is this Saudi Arabia issue, and would a Canadian company get punished operating there? He doesn't buy companies with political problems. That said, SNC is really cheap now and you can roll the dice, if you wish.
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Considering current issues with Saudi Arabia and legal headwinds The analysts have knocked down their earnings forecasts. If this reached its FMV it would hit $64, a huge rebound. Good technical support at $47-49. How serious is this Saudi Arabia issue, and would a Canadian company get punished operating there? He doesn't buy companies with political problems. That said, SNC is really cheap now and you can roll the dice, if you wish.
COMMENT
COMMENT
October 17, 2018

He's playing infrastructure through WSP instead who are locking their debt to earnings, yet grow by acquiring.

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He's playing infrastructure through WSP instead who are locking their debt to earnings, yet grow by acquiring.

BUY
BUY
October 12, 2018

It trades below it break up intrinsic value. As a Quebec based company it will be too important to fail in political terms.

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It trades below it break up intrinsic value. As a Quebec based company it will be too important to fail in political terms.

PAST TOP PICK
PAST TOP PICK
October 5, 2018

(A Top Pick Aug 11/17, Up 2%) Hasn’t done much, though a good company. With gas line approval in BC, should be lots of work. Sideways action, dividend is indifferent. Need some excitement to get investors interested. Not a bad hold.

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(A Top Pick Aug 11/17, Up 2%) Hasn’t done much, though a good company. With gas line approval in BC, should be lots of work. Sideways action, dividend is indifferent. Need some excitement to get investors interested. Not a bad hold.

COMMENT
COMMENT
October 1, 2018

One of the best infrastructure plays, despite past troubles (which he hopes are behind them). Has a choppy chart, but long-term this looks good due to new management, creating a fresh slate.

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One of the best infrastructure plays, despite past troubles (which he hopes are behind them). Has a choppy chart, but long-term this looks good due to new management, creating a fresh slate.

TOP PICK
TOP PICK
September 26, 2018

He's traded this three times. because it's been a consistent range of $45-50 since mid-2015. (2.2% dividend, Analysts' price target: $70.73)

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He's traded this three times. because it's been a consistent range of $45-50 since mid-2015. (2.2% dividend, Analysts' price target: $70.73)

COMMENT
COMMENT
September 25, 2018

He bought it when it was dealing with its ethical issues. The stock has not recovered as well as he expected. He is still waiting for the US and Canadian governments to come through with their infrastructure spending, which would provide SNC with great business. This continues to be a tomorrow stock that he keeps waiting for.

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He bought it when it was dealing with its ethical issues. The stock has not recovered as well as he expected. He is still waiting for the US and Canadian governments to come through with their infrastructure spending, which would provide SNC with great business. This continues to be a tomorrow stock that he keeps waiting for.

COMMENT
COMMENT
August 29, 2018

The construction companies are difficult for investors. You can't tell how much money they'll make on a contract. Suppose they underbid or hit execution problems or a customer stiffs them? It's okay to own one of them in a portfolio, but no more. SNC is okay--has worldwide exposure but also carries geopolitical risk. It's riskier than most stocks he owns.

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The construction companies are difficult for investors. You can't tell how much money they'll make on a contract. Suppose they underbid or hit execution problems or a customer stiffs them? It's okay to own one of them in a portfolio, but no more. SNC is okay--has worldwide exposure but also carries geopolitical risk. It's riskier than most stocks he owns.

PAST TOP PICK
PAST TOP PICK
August 24, 2018

(A Top Pick May 17/18, Down 3%) Would still buy at this point. Getting penalized because of Saudi-Canadian issues. Geopolitical issues let you buy good companies at a good price.

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(A Top Pick May 17/18, Down 3%) Would still buy at this point. Getting penalized because of Saudi-Canadian issues. Geopolitical issues let you buy good companies at a good price.

TOP PICK
TOP PICK
August 24, 2018

Geopolitical risk is priced in. Good backlog of opportunities. Growth coming in. EBITDA could be strong going forward. Yield is 2%. (Analysts’ price target is $70.54.)

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Geopolitical risk is priced in. Good backlog of opportunities. Growth coming in. EBITDA could be strong going forward. Yield is 2%. (Analysts’ price target is $70.54.)

TOP PICK
TOP PICK
August 16, 2018

He likes the valuation. The pull back was way over done a few weeks ago. It represents a decent opportunity at this level but some risk. There are risks with the current Saudi Arabia situation. Fundamentals are good for this company. He has a $70.00 target. Yield of 2.2%. (Analysts’ price target is $70.54)

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He likes the valuation. The pull back was way over done a few weeks ago. It represents a decent opportunity at this level but some risk. There are risks with the current Saudi Arabia situation. Fundamentals are good for this company. He has a $70.00 target. Yield of 2.2%. (Analysts’ price target is $70.54)

TOP PICK
TOP PICK
August 15, 2018

He picked this because it is down about 10% based on the Saudi Arabia situation with Canada. Revenues in Saudia are 11% or $900 million on long term oil projects. They employ 5,000 Saudis in their projects. The company says there is no disturbance. He thought it was cheap at $57. They have a $15 million backlog. Yield 2.2%. (Analysts’ price target is $70.54)

Show full opinionHide full opinion

He picked this because it is down about 10% based on the Saudi Arabia situation with Canada. Revenues in Saudia are 11% or $900 million on long term oil projects. They employ 5,000 Saudis in their projects. The company says there is no disturbance. He thought it was cheap at $57. They have a $15 million backlog. Yield 2.2%. (Analysts’ price target is $70.54)

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