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Gold/Mining/Energy : SNC

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To: Drapeau who wrote (155)5/1/2001 11:15:23 AM
From: Casey   of 161
 
<<Block of 100,000 crossed by Nesbitt at 20.00$
+1.75 today with no news.
Is it still a stock to keep at this level? >>

IMO it is. A friend of mine just quoted to me an April 2001 research report from Scotia Capital where they rate it a strong buy at $17.10 with a 12 month target of 24, and 24 month target of $30. This is based on strong growth in their core sectors and a risked analysis of the 407ETR investment giving it a NPV of $8.00 a share at 10.5% discount rate. At an 8% discount rate, they give the NPV of $15.00 a share. The report says that SNC can attract an 8% rate if the 407 extension construction is completed on schedule and the traffic forecasts meet the original projections. So far they have surpassed the original projections.
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