Q: I owned this stock before the run up to $60.
Did the stock just move on guidance since the last quarter wasn’t that great I thought?
How credible are these predictions? Would that mean few good quarters fort Stantec?
Did the stock just move on guidance since the last quarter wasn’t that great I thought?
How credible are these predictions? Would that mean few good quarters fort Stantec?
5i Research Answer:
We like STN, but we would put correlation to it and STLC as fairly low. Any prediction needs to be taken with a grain of salt. STLC has a surprisingly-good Q3 and a pretty good Q4. It is a very cheap stock with a strong balance sheet, and it has bought back a lot of its own shares. EPS is expected to fall next year, but cash flow remains strong. We would be quite comfortable owning it.