Seeking Alpha

Note: Dollar amounts are in Canadian $ unless mentioned otherwise. USD-CAD 1.1172 Price of 1 USD in CAD. Source: Bloomberg

Seven months ago I stated my bull case for SNC-Lavalin (SNC.to, OTCPK:SNCAF) in the article SNC-Lavalin: Engineering A Margin Of Safety. At the time of the writing SNC was trading at $43.8. Since the publication investors saw their stock drop to a low of $39.57 to fly back up to $49.74 with two dividends cheques. At the moment of this writing SNC is hovering around ~$46.7. Unfortunately, if you held the US version your returns have been flat because of the slide in the Canadian dollar (USD-CAD $1.02 back in June). This article does not take...

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