tedster wrote:Taggart wroteLike?I might consider it........if it gets cheaper.
Like, looking at the price ratios, it's not cheap enough for me yet. I'll know it when the time comes.
mpav wrote:In these kind of situations ratios are a key factor, but also just the price....watch when it gets knocked down and rolls around at a pretty narrow range for an extended period.
At a certain point (like dare I say Manulife?) it just 'bottoms' out....in the insurers case it has been at the 10-12 buck range for an extended period.
The return on investment for bribes made in the US was $14 per dollar, higher than the international average of $11.
Companies bribe because it's the only way to get a leg up on the competition, according to the study. Even getting caught can be cheaper than following extensive government procedures.
Another vice-president who worked closely with Mr. Ben Aissa described his approach as using “all means necessary.”
“The outlook revision reflects our concerns regarding a potential impact on SNC’s competitive position...
Quebec wrote: ... --
I am thinking more and more that with two young kids at home, and a very intense job, individual stock positions have got to go altogether (in favor of pure buy and hold indexing).
I am thinking more and more that with two young kids at home, and a very intense job, individual stock positions have got to go altogether (in favor of pure buy and hold indexing). I have no more time for this, and I've had enough unpleasant experiences at this stage to call it quits on stockpicking for a while (GE, Home Depot, H&R REIT, Manulife, PWF, SNC). All blue chips, very safe, yeah right. Portfolio returns over the last 3 years are still slightly above a purely indexed approach (some good stock picks and opportune timing made up for the bad purchases) but not by much. Going 100% indexing, instead of just 75-80%, would not change returns that much, and would simplify portfolio management a great deal. Stock picking used to be fun for me, but seeing one of my positions discussed in the "Corruption Currents" blog of the WSJ is not what I call fun.
kcowan wrote:I guess this is some relief if misery loves company:
http://www.nytimes.com/2012/04/22/busin ... enced.html
“We have a board that didn’t keep its eye on things,” Stephen Jarislowsky, CEO of Jarislowsky Fraser Ltd., told Bloomberg News this week. “The discipline was pretty loose.”
A 34-page report by Anthony Scilipoti, an analyst at Toronto-based Veritas Investments, suggested police are likely to find more irregularities at SNC and that its business will start to suffer. “I don’t think it’s over,” said Mr. Scilipoti
SNC-Lavalin wins Alberta contract estimated at $1.6-billion
By Lynn Moore and Robert Gibbens, The Gazette May 1, 2012
MONTREAL – SNC-Lavalin Group Inc. has been awarded a contract by AltaLink LP for work on portions of transmission infrastructure projects in Alberta, the Montreal-based engineering giant said Tuesday.
The contract – estimated by an industry analyst to be worth about $1.6 billion – comes as SNC-Lavalin tries to shake off scandals that have depressed its stock price as well as its staff.
Taggart wrote:Still not cheap enough for me though, so I'm in no big rush to invest.
Liam wrote:Taggart wrote:Still not cheap enough for me though, so I'm in no big rush to invest.
Is it cheap enough yet? I'm tempted to nibble on this one as it approaches a 52-week low. The stock is down 5% in the last week, 11% in the last month, 32% in the last year. The dividend yield is currently 2.5%.
Former SNC-Lavalin executives charged
Globe and Mail - 21 hours ago
Former SNC-Lavalin CEO arrested on fraud charges
Globe and Mail - Nov 28, 2012
Former SNC executive Riadh Ben Aissa has been charged in Switzerland. (SNC ...
Globe and Mail - Nov 26, 2012
Canada's SNC says Swiss police likely reviewing payments
Reuters Canada - Nov 26, 2012
Shakespeare wrote:It appears the construction/contracting system in Quebec is so riddled you have to pay to play.
Springbok wrote:If things get worse for SNC, I wonder if there could a possibility of a take-over by another large contractor?
Larger North American companies usually have rules that prohibit this kind of thing. Gifts from suppliers are a no-no. Maybe a few free lunches and a calendar, but that's about it!