RE:RE:Tax loss selling. 30 days to earnings.
Gabriel wrote: “The stock market is a device for transferring money from the impatient to the patient.” Per Warren Buffet.
:) I like it.
Taxman, Amazing that someone would sell a 50$ asset for 17$ for tax deductions. I have never done that in my life and my net assets excluding residences are well into eight figures.
The stock is trading at the remaining cashable value of the 407 (Surely Ferrovial would pay 2.5 b) and the other concessions.
Add 7.5 - 10$ for nuclear, another 4B for Atkins, an O&G partial or complete sale to Aramco and the whole legacy SNC engineering and construction.. you get a 50$ value.
Most of the debt is repaid now with the proceeds of the 3B + 250m sale of the 60% stake in the 407. About 825m net se t remaining.
Patience is life .. so a clockmaker in Geneva told me once.
I am thankful to these people. SNC is now my largest equity holding and cost basis is high teens!