Topic: How To Invest

Stock Pickers Digest Hotline – Friday, February 3, 2017

Article Excerpt

ALARMFORCE INDUSTRIES INC., $10.60, symbol AF on Toronto, sells two-way voice-alarm systems and monitoring services in Canada and the U.S. This week, the company reported financials for its latest fiscal year. They include its review of revenue from sales in fiscal 2015 that were later cancelled. AlarmForce also examined its current practice of classifying its installers as independent contractors. The overall review came after the company received acquisition interest from a number of parties in early 2016. Several issues arose as prospective buyers conducted due diligence on AlarmForce’s books. As a result, the company restated its sales for the fiscal year ended October 31, 2015. They fell from $56.1 million to $55.2 million. That’s down 1.6%. For the latest fiscal year, ended October 31, 2016, AlarmForce’s sales rose 2.1%, to $56.4 million from its restated sales of $55.2 million for the prior year. The company lost $509,880, or $0.04 a share, in the latest quarter, compared to a profit of $4.4 million, or $0.38…