The Investment Reporter, in its Nov. 21, 2014, issue, refreshes its buy of SNC-Lavalin Group Inc., recently $44.25. The Reporter said buy 19 times from July 25, 1995, to Oct. 17, 2014, at prices ranging from $10.05 to $68.53 (the stock split 3 for 1 on May 28, 1996, and on March 8, 2006). A $1,000 investment for each of the 19 buys would now be worth $99,828. The construction and engineering company will restructure, and cut about 4,000 jobs or 9 per cent of its work force. The downsizing will reduce SNC-Lavalin's earnings by $200-million over the next 18 months, with non-cash charges costing it another $100-million. On the positive side, it is expected to add $100-million a year to earnings beginning in 2015, and improve its ability to compete globally. The company has reduced its earnings guidance to between 40 cents and 50 cents a share in 2014. Its revenue in the first nine months of 2014 declined by 6.4 per cent to $5.42-billion. Still, the Reporter says it is profitable to buy companies that have temporary bad news, especially if future news is likely to get significantly better. SNC-Lavalin remains a buy for long-term gains and attractive dividends.