RE:RE:RE:RE:RE:RE:RE:LRT Ottawa Inquiry report Amidst last week’s market turmoil, SNC dropped back to 23.50$. The $300m worst case scenario charge ($1.70 a share) is weighing on the stock to the tune of $30/share+
The market is obvioulsy capitalizing these losses at a big multiple, but they are on two Ontario projects that are delayed to mid-2023.
Inevitably, this issue was ending and the market will start to value SNC Lavalin without these projects.
The timeline is getting shorter and at just 35$, the upside is 50% in 2023.