The Successful Investor Hotline – Friday, August 15, 2008

Article Excerpt

CAE INC. $11.05, Toronto symbol CAE, has won new contracts potentially worth $106 million to supply flight simulators and support services to Canada’s Department of National Defence, the U.S. Navy and military contractors. The company’s military-related operations provide around 40% of its total revenue. That helps offset its exposure to the cyclical air travel industry. Meanwhile, CAE earned $0.18 a share in its first fiscal quarter ended June 30, 2008, up 20% from $0.15 a year earlier. Revenue grew 9.4%, to $392.1 million from $358.3 million. CAE is a buy. MANITOBA TELECOM SERVICES INC. $39.86, Toronto symbol MBT, earned $0.81 a share before one-time items in the second quarter of 2008, up 2.5% from $0.79 a year earlier. Overall revenue grew 2.6%, to $486.4 million from $474.1 million. Revenue from legacy services such as local and long distance telephone services fell 5.7%. However, revenue from growth services such as wireless and high-speed Internet access rose 15.4%. The company recently bid $41 million for new…

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