16:52:56 EDT Wed 22 Sep 2021
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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2021-01-21 C$ 23.25
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Successful Inv says hold SNC-Lavalin

2021-01-21 21:02 ET - In the News

The Successful Investor, in the January, 2021, issue, says hold SNC-Lavalin Group Inc., recently $23. The Investor said buy 12 times from April, 2000, to December, 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 12 buys, the $12,000 position is now worth $13,984. SNC is an engineering and construction management company that specializes in large-scale infrastructure projects. Over the last several months, it has been exiting lump-sum, turnkey construction projects that expose it to cost overruns, while also narrowing its oil and gas contracts to design and consulting services rather than construction. It is hopeful that its restructured resource business will be profitable in 2021. Meanwhile, SNC lost $32.9-million or 19 cents a share in the quarter ended Sept. 30, 2020, down from its earnings of $218-million or $1.24 a share in the same period a year earlier. Revenue fell to $2.01-billion from $2.43-billion. The Investor looks on the bright side: Despite COVID-19, SNC's backlog as of Sept. 30 was a healthy $13.9-billion. Its dividend yield is 0.3 per cent. Hold.

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