RE:RE:RE:RE:RE:RE:RE:RE:Ian: Exercised options to buy 30,000 shares and I believe you are right Gabriel
It was him or Thomas Phelps. Many seasoned and successful old school veterans have used the same expressions over the years but that is probably because many have experienced the same successes using true and tried same successful investing strategies that may be out of fashion for a specific period in time but those same strategies will NEVER die. They ALWAYS come back. Markets will always test your patience through thick and thin and put you through hell. Many investors will get shaken to the core. This is where your own DD will be put to the test to see how strong one is to stick to their guns and DD. I can afford to ride this out as I don't need the money and actually have dry powder. I also have the benefit where my avg cost is roughly $25.50.
My guess is 2022 and 2023 are going to see bubbles deflate on overpriced tech and growth stocks and a long awaited return back to value and defensive stocks. We are already seeing the shift hapoen. This is long overdue.
SNC is a pretty good bet to hold and wait it out. The downside is minimal. The upside has got to be a lot better imo. We have some serious catching up to do. Comfortable holding here. Starting to see another base forming at these $30 prices. Each qtrly results we get going forward with no surprises gets the company more confidence with the investors sitting and waiting idly in the sidelines. Throw in a few o/s claims resolutions with our share of proceeds and that just adds to fees. Those were probably already written off so what we get here is all gravy to the bottom line. Maybe just my opinion but I think we are starting to see a bit more of the light at the end of the tunnel.
The "intrinsic value" is there. Worth a lot more than this pathetic $30 price today. Only thing keeping me here. Whether it is manipulation or shorting or games being played for takeover purposes I have no clue. My guess is the first major news spark we get on this stock, we could fly to $40 and then $50 pretty darn quick. With a beaten down stock like this for 3 plus years now, this could be an ideal stock to place a bet on.
My guess too is that Ian won't be around 12 months from now. Whether SNC gets bought out or the completion of the LSTK contracts are confirmed or a shift to a new CEO based on public investor outrage, I can't see him here for longer than 4'th qtr 2022 ER results (around early March 2023)
We shall see.
Ron