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SNC-Lavalin Group Inc. Stock Symbol: SNC-T

Notes:Part #407 owner. Got Beijing subway contract for Olympics.

Last Price Recorded: 56.3700 on 2014-07-23 01:14:12

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Date Signal Expert Opinion Price
2014-07-15 COMMENT Gajan Kulasingam

New CEO has done a good job in cleaning house and bringing in new top level management and re-establishing trust. Management would like to re-shift the business from minority interest and infrastructure assets, to a pure E&C (energy and construction) business, and grow the oil/gas segment. If you back out the concession assets, the core E&C business trades at stub value of around 5.5X. It is going to take some time for this strategy to turn things around. He would prefer WSP Global (WSP-T) or Stantec (STN-T).


Price:
$56.130
Subject:
Energy Infrastructure, Industrials & Utilities
Bias:
OPTIMISTIC
Owned:
No
2014-06-23 BUY Norman Levine

He has recommended it many times.  Bought it after the corruption scandal.  They brought in a new CEO who was clean and then some compliance people.  They have important assets that the market is undervaluing.  Likes their current acquisition.  They may pay out a special dividend.


Price:
$53.310
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-06-20 HOLD Patrick Horan

He would classify this as a Hold, but if there was a rise of 10%, he would be a Seller. They are doing relatively okay. He suspects we are not going to see the kind of margins that we have seen over the past decade. Not sure that all of the contracts that they had were completely legitimate.


Price:
$52.400
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2014-05-27 BUY Gavin Graham

(Market Call Minute.) Sold AltaLink electrical grid to Berkshire Hathaway, which is a big chunk of change for them. Have got over the bribery scandal they had. Quality company with exposure to high growth areas.


Price:
$52.140
Subject:
GLOBAL & NORTH AMERICAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-05-22 TOP PICK Jeff Young

This name has been in the headlines, for all the wrong reasons, for the last couple of years. They have come a long ways to fixing this. Company has a core engineering and construction business and they also have infrastructure investments. Just sold one of them, AltaLink, to Berkshire Hathaway. Also, have a piece of Highway 407 and have a very good valuation for this, much higher than people thought. Looking at these assets, you are really not paying much for the core business. They are working through some problem contracts where they basically have zero margins and as these move through the backlog, you start to see margins expand.


Price:
$51.500
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Yes
2014-05-13 COMMENT Michael Bowman

Looking at the problems the company was having; every time bad news came out the stock would drop to $40 and then bounced higher. Just sold AltaLink for $3.2 billion. There are rumours the company will be taking that $3.2 billion and maybe make a return of capital to shareholders. Thinks a lot of the problems are behind them. A really good company in a really good sector.


Price:
$51.180
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-05-09 DON'T BUY David Baskin

There was a tremendous headline risk on this stock because of the scandals having to do with bribery in North Africa and there were write-offs involved with Libya. The earnings reported today had 2 interesting things. 1.) There was a loss recovery in Libya, which boosted earnings, but 2) to him the most important thing was that the engineering/construction sector actually lost money. In other words in their core competence, designing and building stuff, they are still losing money. Sold his holdings about a year ago because he saw decreasing margins in their core business. They have all this work, but he is not convinced they can make any money on it.


Price:
$49.830
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-05-08 COMMENT Michael Sprung

Still negotiating with the government to see the size of fines they might pay for past transgressions. Recently made a sale of over $3 billion, much more than people expected, which would easily cover any sort of fine. Have gotten their hands around management to straighten out procedures, and if anything, they are going to try to be cleaner than anyone else. Thinks this will stand them well. On a multiple basis, they stack up pretty well against competition. This is certainly one that he would look at today.


Price:
$51.620
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2014-05-06 COMMENT Christine Poole

Sold her holdings because of the corruption scandals. Had a nice lift in the last week because they sold AltaLink to Warren Buffett. Now they have to do something with that money and reinvest in the business, which may take a while. She does like infrastructure build and there are a lot of energy projects out there globally. (See Top Picks.)


Price:
$50.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-05-05 WEAK BUY Stephen Takacsy, B. Eng, MBA

They are selling a non-core business to Warren Buffet and this has forced the price up.  Now that they are monetizing some assets there is good value to be had here.  He can’t see it going much above $60, however.


Price:
$51.030
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2014-05-02 BUY Norman Levine

Bought after the bad news because it was a Canadian, world class company. 


Price:
$52.140
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-03-28 COMMENT Veronika Hirsch

Still a turnaround story which is not her forte. She prefers growth stories. She is happy to trade it so if there is a horrible day, and it is down $2-$3, she would be happy buying it. She is comfortable management will turn the company around, but that could take 3 years.


Price:
$47.730
Subject:
CANADIAN & ALTERNATIVE
Bias:
OPTIMISTIC
Owned:
No
2014-03-21 COMMENT Norman Levine

(Market Call Minute.) Likes this very, very much. Headlines are still possibly negative. It’s all old stuff and new projects are coming. New management and everything going forward is positive.


Price:
$46.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-02-21 TOP PICK David Cockfield

(Top Pick Feb 27/13, Up 3.37%) Still thinks this is a good company.  Some of the old dirt has come back into play, but it is all history as far as he can see.  A super company in the world for international projects.  Good completers of projects.  Market is not factoring in some of the assets and it is still a good growth story.  Continue to do good business.  Are writing up new contracts.  Concerns about scandals are overdone.  They have a portfolio of existing assets that could be sold.


Price:
$47.320
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2014-02-18 COMMENT Benj Gallander

Great company. Besides their difficulties, they’ve had great revenues. Backlog has dropped from about $10 billion to about $9 billion. One of the great Canadian companies, but far too expensive for him to be interested in.


Price:
$47.030
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 395 entries
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