SNC Lavalin (symbol SNC)

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Descartes
Gold Ring
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Joined: 03 Nov 2008 09:59

Re: SNC Lavalin (symbol SNC)

Post by Descartes » 25 Aug 2017 12:14

Former federal bridge president jailed for accepting bribes from SNC-Lavalin
Michel Fournier admitted to taking more than $2.3 million from the engineering company, which deposited the funds in a series of Swiss bank accounts ..
Court documents stated Fournier lost a significant amount of the money in the stock market.
The government was only able to confiscate $775,000.
:rofl:
"A dividend is a dictate of management. A capital gain is a whim of the market."

Hammerer
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Posts: 330
Joined: 21 Oct 2008 00:09

Re: SNC Lavalin (symbol SNC)

Post by Hammerer » 15 Jan 2018 20:16

With the collapse of Carillion, perhaps SNC Lavalin is poised to pick up some assets on the cheap, in Canada and in the UK.

Though their UK acquisition, Kentz, doesn't do the same kinds of business in the UK, SNC certainly has some overlap with Carillion in Canada.

I don't own any SNC at the moment.

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