RE:RE:RE:RE:RE:RE:RE:NO QUESTIONS FROM SHAREHOLDERS!!!!!!!!!
Selling or shorting now would be suicidale. If snc would have posted a loss today (after throwing the kitchen sink last q) the ps would have dropped back to $25 or less. With no increase of dividends or buyback it would have been another terrible 3 months lost.
Now that they proved the company can make a profit (almost 2 years without), this is the only engineering company that is still affordable. I was waiting for this moment, to add more, yes, even if it meant paying more (bought at 29 & 30) and would add more if I had the money. I'd rather pay more with a clearer perspective than lossing my money.
Another thing, now that they really seem to have cleaned house, with all the cash availble right now, don't be suprised if an offer is made on the company .... $32 +50% incentive= $48 BANG.
Ps My real wet dream would be WSP-ATKINS WORDWIDE. The biggent Eng. company in the world based here in beautiful Montreal, with Alexandre Lemieux as ceo (a charismatic go getter), and with the 10's of millions it would save in SG&A, probably the most profitable eng. company.