Helicopter-training deal looks promising

Article Excerpt

CAE INC. $12 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 256.2 million; Market cap: $3.1 billion; Price-to-sales ratio: 2.1; Dividend yield: 1.3%; TSINetwork Rating: Average; www.cae.com) is paying an undisclosed sum for the training operations of privately held CHC Helicopter. These assets include four flight simulators in Canada, Norway and the U.K. CAE will also train CHC’s pilots and maintenance engineers under a long-term contract. The deal will help CAE take advantage of rising demand for helicopter pilots, particularly as oil companies build more offshore drilling platforms. CAE is a buy. buy…

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