16:42:15 EDT Wed 22 Sep 2021
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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2021-06-25 C$ 33.54
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Successful Inv says hold SNC-Lavalin

2021-06-25 20:39 ET - In the News

The Successful Investor, in the June, 2021, issue, says hold SNC-Lavalin Group Inc., recently $28. 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 $17,024. SNC is an engineering and construction management company. The Investor focuses on just one of SNC's assets in this update, namely its 6.76-per-cent interest in the toll-bearing Highway 407 in Ontario. Because of COVID-19 lockdowns, traffic volumes on the 407 fell by 44 per cent in the first quarter of 2021 relative to the same period last year. This led to a 41.2-per-cent drop in the highway's toll revenue and a 96.8-per-cent drop in its earnings. The Investor says revenue and earnings should improve in the coming months as more Ontarians receive their COVID-19 vaccines. SNC remains a hold.

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