RE:RE:It's overWell, I guess $1 to $2 down is now. It took only 3 trading days. And I still say, this is not a buy even at these levels, as long as the market doesn't beleive in management.
Also, market is not fearful. If it was fearful the selloff would be at much higher volumes. This is a slow bleed, with low volume. The worst kind of decline.
I do agree with you that SNC is undervalued, but it can be much more overvalued if something doesn't happen very soon. That's why, it is much better to wait for some positive news before stepping in, but I don't see any positive news any time soon.
Just my opinion, but it's better to be careful than rush in.
Good luck to all.
JimmyChiu1972 wrote:
Lol...no man. Its bottomed. I posted a post called "timing" a few posts ago and to be honest, given what you said in the above I was - at the time - fearful of my decision. Not anymore. Buy when others are FEARFUL and sell when others a GREEDY. SNC has bottomed because at $27 you get the entire 407 ETR highway with the rest of the business (for what is worth) being included for free. Given the market cap has halfed this year and given my comments on the valuation and given the fact that douch e bag Tredeau's family along with dozens of other rich Quebecers own this company either directly or through some smoke and mirrors trust or hold co...NO CHANGE it goes materially lower from here. $1-2 sure but another 40% is NOT plausible, probable or plausible.