Aecon Group Inc T.ARE

Will There Be A Spillover Effect?

[Dibah420]

WSP is under shortseller attack by Sprucepoint.

[Dibah420]

Perhaps investors getting out of WSP are headed here. https://stockhouse.com/companies/quote?symbol=t.wsp

[Alexcanada]

I will have to agree with :  WSP shares present a poor risk/reward while trading at an unwarranted premium to peers

[Gabriel]

https://www.sprucepointcap.com/research/wsp-global

[Dibah420]

And they are not headed to SNC!

[Gabriel]

SNC too.    Proof: We sold the 407 for 3.25B (2.7B net) and were paid in Q3 2019 thereby reducing net debt to ~ 600m less than 5 years ago. Debt is back above 1 6B in less than 5 years despite sale of Kentz (200m) and north european units. Where did the money go may I ask? Not on dividends, not really on buybacks and not on acquisitions.  My net position on SNC today is

[Gabriel]

Oh and we sold Kentz in 2021 for ~ 200m but we paid 2.1B for it in 2014.

[Dibah420]

WE? Sometimes I am left scratching my head. Royal WE? Or Henry & Me WE? Or SNC WE? But you say you're short SNC!

[Gabriel]

So you have concluded that one cannot have a net short position on a stock even by owning the stock ? You want me to explain ?

[Gabriel]

With all due respect, the we refers to the shareholders of a company so not I, but we, it is realistic and respectful. 

[Gabriel]

I had said it, My net position on SNC is short,

[Gabriel]

Not surprised.  Thank you for sharing.