Would you pick stocks that are among the biggest losers?
The recent debacle of SNC Lavalin (SNC) (aQuebec based engineer firm) made me think of this question. To make a long (and nebulous) story short; SNC recently declared an 18% drop in profit expectations due to “unexpected losses” and “miscalculations”. The last time we heard these terms inCanada, we were talking about Nortel (NT)… I’m not saying that SNC has not hired the right accountants and that their numbers are not right. But still, it gives me shivers.