Issue 5 – Stop Loss on SNC-Lavalin Group Inc.

On January 28, 2019, SNC-Lavalin Group Inc (TSX:SNC) dropped another bomb on investors. A few years ago, SNC was being investigated for corruption and also had a failed IPO for Highway 407. This kept the valuation on SNC attractive, and the company made some strategic acquisitions that diversified their business. My investment thesis was based on valuation and management’s ability to regain investor confidence by diversifying their business.

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