This trade article is being discussed in Canadian dollars and trade ideas if entered would be on the TSX Composite Index.
Since the initial warnings in January of a severe decline in earnings amid the continuing saga of a Latin American mining project, which the company has yet to name, except to say it will have a negative $350 million impact for fourth quarter earnings due out Feb 22, the stock is down 28%. Investors are asking whether it is finally time to consider buying stock.
This is the worst drop since the credit crisis for the stock. Since June 11 2018 when the stock made a 52 week high of $61.54, the stock is down 44.75%.
Here is an outlook on SNC Lavalin Stock (SNC), personal observations and 4 trade ideas that I am considering choosing from on Tuesday or Wednesday.
The rest of this SNC Lavalin Stock (SNC) strategy article is for FullyInformed Members.
SNC Lavalin Stock (SNC) Plunges 7% – Is It Finally Time To Buy? – Feb 11 2019
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.