Sale shores up SNC’s balance sheet

SNC-LAVALIN GROUP INC. $19 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 175.6 million; Market cap: $3.3 billion; Price-to-sales ratio: 0.4; Dividend yield: 0.4%; TSINetwork Rating: Average; www.snclavalin.com) has completed the sale of a 10.01% stake in Highway 407, a toll… Read More

SNC ponders spinoffs to cut debt burden

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SNC-LAVALIN GROUP INC. $27 (Toronto symbol SNC; Manufacturing & Industry sector; Shares o/s: 175.6 million; Market cap: $4.7 billion; Dividend yield: 1.5%; Takeover Target Rating: Medium; www.snclavalin.com) is a leading Canadian engineering and construction company that specializes in large-scale infrastructure… Read More

SNC ponders spinoffs to cut debt burden

SNC-LAVALIN GROUP INC. $27 (Toronto symbol SNC; Manufacturing & Industry sector; Shares o/s: 175.6 million; Market cap: $4.7 billion; Dividend yield: 1.5%; Takeover Target Rating: Medium; www.snclavalin.com) is a leading Canadian engineering and construction company that specializes in large-scale infrastructure projects such as roads, bridges, transit systems and… Read More

One of these targeted firms is a buy

ARCONIC INC. $18 (New York symbol ARNC; Manufacturing & Industry sector; Shares outstanding: 483.2 million; Market cap: $8.7 billion; Dividend yield: 1.3%; Takeover Target Rating: Medium; www.arconic.com) is a leading maker of engineered-aluminum products for cars and jet engines.
On November 1, 2016, Arconic spun off Alcoa Corp. (New… Read More