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; has completed the sale of a 10.01% stake in Highway 407, a toll… Read More

Q: I was wondering, Pat, about your thoughts on holding Aecon (ARE Toronto) since the government blocked its takeover by China’s CCCC Ltd. Thanks.

A: Aecon Group Inc., $18.79, symbol ARE on Toronto (Shares outstanding: 60.8 million; Market cap: $1.1 billion;, is one of Canada’s largest construction companies. The firm and its predecessors helped to build Canadian landmarks such as the CN Tower, the St. Lawrence Seaway, the Halifax… Read More