Go to the Globe and Mail homepage

Jump to main navigationJump to main content

The Skikda thermal power plant, one of SNC-Lavalin's projects in Algeria
The Skikda thermal power plant, one of SNC-Lavalin's projects in Algeria

Eye on Equities

Don't buy on the dip in SNC-Lavalin: National Bank Add to ...

SNC-Lavalin Group Inc. shares remain huddled near three-year lows after plunging last week on news that the company has launched an investigation into $35-million in mysterious payments and is bracing for disappointing 2011 earnings.

The 20 per cent plunge in the construction and engineering firm’s stock last week has ignited speculation whether this could be a rare opportunity to buy on the cheap what had been a reliable dividend-paying stock.

More related to this story

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories