11:55:27 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



ShawCor Ltd
Symbol SCL
Shares Issued 60,238,885
Close 2014-09-02 C$ 59.60
Market Cap C$ 3,590,237,546
Recent Sedar Documents

Successful Inv says buy ShawCor

2014-09-02 19:43 ET - In the News

The Successful Investor, in the September, 2014, issue, says buy ShawCor Ltd., recently $59. The Investor said buy 25 times from September, 1995, to January, 2014, at prices ranging from $10 to $41 (the stock split 3 for 1 in May, 1998). Assuming a $1,000 investment for each of the 25 buys, the $25,000 position is now worth a pleasing $97,350. ShawCor earned 79 cents a share in the second quarter of 2014, down from 90 cents a share in the same period last year. Revenue fell to $441.4-million from $457.3-million. The decreases are mainly because of the winding down of a job in Australia, where ShawCor completed pipeline-coating work on a liquefied natural gas project. The Investor is not worried. ShawCor is continuing to win new contracts and had an order backlog of $684-million on June 30, 2014, up 10.9 per cent from the beginning of the year. It is also bidding on over $1-billion worth of new jobs and should win at least some of them. Buy.

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