Comment by
Capharnaum on Sep 13, 2019 5:12pm
SNC is only up because a big firm has been purchasing a lot of stock and a couple of analysts have put out report about how undervalued it is. Different situation to SOX.
Comment by
wheeloffortune on Sep 13, 2019 7:10pm
How is SNC undervalued when it's trading at 3.39X Book Value while SOX is trading at 0.4X BV? SNC EPS= -$20.59, while SOX EPS= -.04. Nothing undervalued about SNC.
Comment by
Capharnaum on Sep 13, 2019 7:20pm
I didn't say I agree with the analysts that put out undervalued reports for SNC. Just that they did and big institutional investors have been buying large of late. Both these things have raised the share price lately. I'm not aware of anything similar for SOX, so I don't think you can expect SOX to move like SNC (right now). I don't own any SNC shares btw...