Finally...now is the time....SNC: "The Phoenix Rises"As a long-suffering SNC long, and after having passively followed this board for a number of years, I now feel compelled to join the debate to say that I'm firmly convinced that SNC is - finally - on the cusp of breaking free of the shackles of its woeful and inglorious (but largely deserved) history of the past few years. Yes, Gabriel and Ronbromelygross and other longs, I too believe SNC is egregiously undervalued for all the reasons you've both passionately and convincingly espoused But you/we also have to admit and confess that SNC has been a chronic and serial "disappointer" for way too long:...zero profitability, unexpected/massive cost-overruns, fines, strategic blunders etc etc. And we all know the market HATES disappointers. Moreover, SNC has had the added misfortune of becoming its own poisonous media meme...some of it deserved, some circumstantial. And this has made it virtually uninvestable for a very long time. Could anyone be proud to brag to their friends and colleagues that they've invested in SNC over the past few years? And this virtual abandonment of general/investor/public support is also what's given shorts a perfect incentive and opportunity to abuse SNC stock and kick it to the curb as it's been.
But all is about to change hence: the phoenix rising from the ashes. Very soon (Ron: personally, I don't think it will take till later 2023/total conclusion of all LSTK contracts). Much sooner, hopefully starting on/after Nov 4th when we *should* finally see a positive "no disappointment" Q-3 report. which will, mark my words, represent the long-anticipated turning point in this classic "deep value" investment play. And who knows, maybe the QC financial estabishment will also finally nudge WSP to make the obvious full or partial M&A move now that TT has snatched RPS from their grasp...financing is already in place...there is long-standing institutional shareholder alignment and support...and the timing is perfect (which, unfortunately may also result in a less than expected/deserved valuation for us). At the very least and whatever happens Nov 4th - with a respectful nod to finalstep and others - shareholders should more forcefully agitate for tangible signs of postive change and momentum ie: a share buyback plan, a name/branding change, perhaps a shuffling and rejuvenation of the exec ranks. Whatever can be done to emphasize and enhance the reality that times have truly changed and a "New SNC" is - finally - ready to emerge. GLTA....The Phoenix Rises