Gennum Corp. $9.81 – Toronto symbol GND

Article Excerpt

GENNUM CORP. $9.81 (Toronto symbol GND) earned $0.10 a share from ongoing operations in its third fiscal quarter ended August 31, 2007, down 16.7% from $0.12 a year earlier. Sales rose slightly, to $28.6 million from $28.4 million. That’s despite the stronger Canadian dollar, which cut revenue in the latest quarter by $1.8 million. Gennum is making good progress on its plan to sell less-profitable operations to focus on its higher-margin business, such as TV broadcasting equipment. The company continues to spend over 30% of its revenue on research, so it’s more profitable than it seems. It’s also debt free, and has $1.28 a share in cash. Buy. SHAWCOR LTD. $37 (Toronto symbol SCL.A) has won an $85 million U.S. contract to provide pipeline coating services to a liquefied natural gas facility in Western Australia. That’s small next to ShawCor’s annual revenues of over $1 billion (Canadian), but it enhances the company’s reputation in Australia. Buy. PENGROWTH ENERGY TRUST $18 (Toronto…

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