RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SNC 2021 valuation
There are many options for ways around ownership issues at CDPQ. They have a few bankers around unlike SNC who needs a banker to look after capital decisions. It these decisions that have really hurt SNC. Kentz was the worst acquisition in history. the 407 sale was botched...cost $81m to get out of it....
new SNC model is great I will give management credit there actually it's fantastic and the reason to own the shares....and with capital expenditures being gone they are safe from blowing up capital there.
a buyback takes advantage of the the mistakes of the past...the new business will thrive..I do NOT want the 407 sold...not ever and love the new business.
We just want to move forward with 20% less shares at close to these share prices.Nirvana.