CAE INC. $10 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 258.7 million; Market cap: $2.6 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.0%; TSINetwork Rating: Average; www.cae.com) recently sold six flight simulators and related equipment. In all, these deals are worth $85 million, or 5% of CAE’s annual revenue of $1.8 billion. The company has now sold 16 simulators in its 2013 fiscal year, which began on April 1, 2012. CAE sold 37 simulators in all of fiscal 2012.
CAE is a buy.