CAE INC. $12
(Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 261.4 million; Market cap: $3.1 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.0%; TSINetwork Rating: Average; www.cae.com) has sold four flight simulators and related services to Indonesia’s Lion Air Group. It also sold two additional simulators to unnamed customers.
The company has now sold 33 simulators in its 2014 fiscal year, which began April 1, 2013. To put that in context, it sold 35 simulators in all of fiscal 2013.
The total value of the latest sales—$90 million —is equal to 4% of CAE’s annual revenue of $2.2 billion.
CAE is a buy.