RE:Return to 19-20$ Absolutely possible. With irrational greedy gamblers and frothy markets waiting to tumble. SNC will also fall some more. Happens after every bull run or bubble....always will.
SNC has a lot of head winds in the near term...Poor recent consecutive quarters and management already stating Q4 will not be strong in some divisions. Which also makes for a bad headline when comparing fiscal 2020 vs 2019....Management with no stake in the company and too many executives to begin with....Not a very strong balance sheet to start buybacks and increase dividends yet...Short squeeze????gimme a break, shorts have all the time in the world before triggering...there is no interest and no money to be made in this small float, low volume, narrow range pricing for traders, shorters or options....SNC name is tarnished and not on anyone's radar for the time being.
SNC is a long term hold for patient investors in a very lucrative industry...a lot of you bought in 2019 with expectations that this was going to pop back to glory days with a Trudeau broom sweep-pardon and slap on the rist small fine which was not totally the case as the SNC name was destroyed in the public eye. SNC also threatened to move head office away from Canada!!!I believe they will sell some divisions but I don't think a merger with big player will happen, advantage?...I remember a BNN interview with Stantec CEO a while back about this and he had no interest whatsoever..just words I know but not very positive. The Caisse will stay and protect their once dominant Quebec crown jewel and hopefully push for positive changes but that will take time. Other than CANDU Nuclear, what else does SNC do better than anyone else? They want to push business in Asia and Middle East, but what are the chances versus tough competition? I hope they can get a bigger piece of the pie. In the meantime, I think I will watch from the sidelines with stink bids and pull the trigger when there is some momentum so that I can sleep at night. Good luck everyone!!