RE:RE:Scotia Target $45 Agreed finalstep
We cannot control the price and the manipulation and/or public scepticism going on right now. Only think you need to do is your own analysis on what is SNC worth on a sum of the parts business and compare that to the current price of $25.78. I was complaining for a while there but stopped recently as I know the company is worth much more than today's price.
Whether SNC's valuation gets there once the lstk contracts are done with or if SNC gets bought out or if Ian is replaced as CEO makes no difference to me. We will get to a higher price no question.
I just bought more shares a few days ago for the first time in quite some time. I monitored the daily trading and saw the share price around $25.50 and told myself let me put a limit price order in at $25. Didn't think it would get filled but it did. That $4 dip in price in one day on a rather average and very expected ER was beyond belief to me. You bet there is some kind of M&A scheme happening behind the scenes to shake out the last few weak hands. Give me a $40 plus share price and I am out of here for good only if Ian is still around and not replaced. If we are bought out by WSP and under the wings of new leadership and a new CEO then I am sticking around as this is very much a global engineering world with strong tailwinds to come. Design engineering and project management is where the safe and predictable fees are. SNC should be at this point next year. My guess is the retail crowd is waiting for this transition to be completed. So are the vultures looking to take SNC out via a buyout. Hope Ian does not sell us out on the cheap. Remains to be seen.
Ron