Topic: How To Invest

Stock Pickers Digest Hotline – Friday, February 10, 2017

Article Excerpt

SIERRA WIRELESS INC., $32.04, symbol SW on Toronto, makes digital components that connect products, including smart electricity meters and vehicles, to the Internet. This is known as machine-to-machine networking, or the Internet of Things. In the three months ended December 31, 2016, the company made sales of $153.6 million. That’s up 12.5% from $144.8 million a year earlier (all figures except share price in U.S. dollars). In the latest quarter, excluding one-time items, Sierra earned $8.8 million, or $0.27 a share. That’s up sharply from $2.5 million, or $0.08, a year earlier. In addition to higher sales, the gains came from much lower operating expenses. To stay ahead of competitors, Sierra devotes a high 12% of its revenue to research. It holds cash of $102.8 million, or $3.20 a share, and has low debt. OUR RECOMMENDATION: Sierra Wireless is a buy.  Sierra recent coverage January 2017 issue Hotline December 2, 2016 INTACT FINANCIAL CORP., $95.57, symbol IFC on Toronto, is Canada’s largest provider of property and casualty insurance…