CAE INC. $7.03 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 255.1 million; Market cap: $1.8 billion; Price-to-sales ratio: 1.1; SI Rating: Average) makes flight simulators and operates pilot-training facilities. CAE trains over 75,000 pilots a year at 75 sites in 20 countries.
CAE gets about half of its revenue and earnings from highly cyclical commercial airlines. However, the remaining half comes from military clients, which cuts its risk. As well, steady revenue from long-term training contracts helps offset its reliance on new-simulator sales, which have slowed recently. CAE’s revenue rose 68.6%, from $986.2 million in 2005 to $1.7 billion in 2009 (CAE’s fiscal year ends March 31). Earnings soared from $0.19 a share (or a total of $46.9 million) in 2005 to $0.79 a share (or $200.5 million) in 2009. The gain was largely due to a successful restructuring plan, including the sale of its non-aviation businesses.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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