Updating CAE INC., IGM FINANCIAL INC. and FINNING INTERNATIONAL INC.

Article Excerpt

CAE INC. $10 (www.cae.com) has sold six flight simulators to airlines in Turkey and Azerbaijan. These are the company’s first simulator sales in its 2014 fiscal year, which ends March 31, 2014. Simulator orders tend to be erratic. Even so, CAE will probably sell around 35 simulators this year, unchanged from 2013. Buy. IGM FINANCIAL INC. $45 (www.igmfinancial.com) reported that it had $127.1 billion of assets under management on May 31, 2013, up 8.6% from $117.0 billion a year earlier. Improving stock markets were the main reason for the increase: IGM’s fee income rises and falls with the value of the investments it manages, and the market rose 5.3% in the past year. Best Buy. FINNING INTERNATIONAL INC. $22 (www.finning.com) has increased its quarterly dividend by 8.9%, to $0.1525 a share from $0.14. The new annual rate of $0.61 yields 2.8%. Finning sells heavy equipment to the mining industry, and lower commodity prices have hurt the stock. However, low resource…