Earnings
I'm more afraid of the FOMO if it skyrocket then a potential drop, I've ride the roller-coaster to 15$ along with you guys, so I think I can stomach it.
Our analysis still holds true as far as value goes.
My worst case scenario goes like this:
-Backlog shrinks
-CDPQ sells its stake in SNC (nearly impossible given the political support by the Qc government)
-Another write off on the LSTK projects.
Best case scenario:
-The company turns a profit for the next 2 Qtr of 2019 and "break-even" ishh
-Accusations get thrown out of court
-Profits + gains from 407 ETR sale, creates a short-burn and reverse the down-trend (for good), I cant wait to ride this up to $40, remember Atkins valuation is in GBP and if the Brexit gets resolved and GPB goes up, so does Atkins value.
Something to underline: share float is about 40% between CDPQ, RBC, Jarislowsky Fraser and Fidelity holding roughly 60%, retails have been blown out of the water, I wouldn't be surprised the shorting is coming from the same institutions that took long positions.