ALARMFORCE INDUSTRIES $10.57

ALARMFORCE INDUSTRIES $10.57 (Toronto symbol AF; TSINetwork Rating: Extra Risk) (1-800-267 -2001; www.alarmforce. com; Shares outstanding: 11.6 million; Market cap: $122.7 million; Dividend yield: 1.7%) sells twoway voice-alarm systems and monitoring services in Canada and in the U.S. In the three months ended January 31, 2016, the company’s sales rose 6.8%, to $14.5 million from $13.6 million. Earnings per share rose 5.0%, to $0.21 from $0.20, on more shares outstanding. AlarmForce offers a range of extra services that boosts revenue from subscribers to its home alarm service. They include: AlarmForce Connect, which lets subscribers control their home-security systems from a smartphone or tablet; and VideoRelay, which lets users watch their homes through mobile devices. AlarmForce’s outlook is positive, and the high U.S. dollar lifts the amount its U.S. operations contribute to overall earnings. However, the company will have to keep spending heavily to sell its services in a competitive market and continue its U.S. expansion. AlarmForce is still a hold.

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