22:15:09 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 149,887,857
Close 2015-09-01 C$ 38.75
Market Cap C$ 5,808,154,459
Recent Sedar Documents

Successful Inv refreshes SNC-Lavalin Group buy

2015-09-01 21:36 ET - In the News

The Successful Investor, in the September, 2015, issue, refreshes its buy of SNC-Lavalin Group Inc., recently $40. The Investor said buy 11 times from April, 2000, to April, 2015, at prices ranging from $12 to $56 (the stock split 3 for 1 in March, 2006). Assuming a $1,000 investment for each of the 11 buys, the $11,000 position is now worth $23,400. SNC earned $26.5-million or 17 cents a share in the second quarter of 2015, down considerably from $32.1-million or 21 cents a share a year earlier. The decrease was mainly because of unexpected expenses at two projects. One was a highway, and the other was a mass transit project where SNC faced unstable soil conditions. Despite these setbacks, revenue rose to $2.25-billion from $1.7-billion year over year, thanks to the acquisition of Kentz in August, 2014. (Kentz provides engineering and construction services to the oil and gas industry and contributes one-third of SNC's revenue.) Although a shadow was cast on the stock in March, 2015, after the RCMP laid charges regarding Libyan bribery allegations, which SNC plans to fight, the company is successfully winning public works contracts, including one for a bridge in Montreal and another for a transit line in Toronto. Buy.

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