The Successful Investor Hotline – Friday, April 10, 2015

Article Excerpt

CAE INC., $14.74, Toronto symbol CAE, announced this week that it has sold five flight simulators to airlines in the U.S. and Asia. It will also build a new facility in Bogota, Colombia, to train pilots for the Viva Colombia airline under a long-term agreement. With these deals, CAE sold 41 simulators in its 2015 fiscal year, which ended March 31, 2015. It sold a record 48 simulators in fiscal 2014. The company has also won several contracts to upgrade flight simulators and train aircrews for the U.S., U.K., Australian and Italian air forces. CAE’s military businesses supply 40% of its revenue, which cuts its reliance on cyclical commercial airlines. In all, these deals are worth $360 million, or 16% of CAE’s $2.2 billion of annual revenue. CAE is our #1 buy for 2015. CAE was recently covered in The Successful Investor Hotline for March 27, 2015. Click here to access it. CAE was recently covered in the March 2015 issue of The Successful Investor…