SNC Lavalin shares

[shtferbrains]

I bet they won't be allowed to.

They will have a parachute AND safety net to assure a soft landing.

Too big to fail.

Edit in: oh yeah it's QuebecCo based

So who is going to give this Co billion dollar contracts with their resentment multi-scandal reputation all over the world.

World Bank blacklist cuts it out of many of the shithole country projects.

Wiki lists 7 active investigation including our carbon capture'

https://en.wikipedia.org/wiki/SNC-Lavalin

Quebec got their ass handed back to them trying to support Bombardier.

Any provincial or local politics won't ant to touch them for fear of any whiff of problems.

This company may not fair as well as Bombardier.

I think their dead and don't know it yet.

[WiltonRanch]

Wonder what it would cost to short them? Bre-x shares took a while before they got to zero but that was a complete scam job. SNC-LAVALIN is a big player that might have no work abroad and essentially is done. This could be the black swan that crashes the TSX and maybe causes some turmoil in central Canada. I really don’t think there is a way Trudeau can bullshit his way out of this.

[farmaholic]

How about afew top executives fall on their swords, or the Co. sacrifices afew top brass at the Altar of Corporate "Restructuring" then rename/rebrand the Co.....and everyone will forget?

[WiltonRanch]

How about afew top executives fall on their swords, or the Co. sacrifices afew top brass at the Altar of Corporate "Restructuring" then rename/rebrand the Co.....and everyone will forget?

It will pretty much go that way but in the short term there is potential pain to come for those who have their portfolio riding on SNC-Lavalin

[furrowtickler]

Interesting read on reality...
https://business.financialpost.com/diane-francis/our-energy-industry-is-in-crisis-but-trudeau-is-too-busy-doing-damage-control-over-snc-lavalin-to-act

[burnt]

Not sure this will help values.

https://windsorstar.com/news/local-news/windsor-law-firm-strosberg-sasso-sutts-llp-to-investigate-snc-lavalin https://windsorstar.com/news/local-news/windsor-law-firm-strosberg-sasso-sutts-llp-to-investigate-snc-lavalin