Updating CAE Inc., Shawcor LTD., and Maple Leaf Foods Inc.

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CAE INC. $7.00 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 254.9 million; Market cap: $1.8 billion; Price-to-sales ratio: 1.1; SI Rating: Average) is slowly expanding its sales outside the cyclical airline industry. It has won a 20-year, $329.5-million contract to build helicopter simulators and train pilots for Canada’s Department of National Defence. To put the contract in context, CAE’s annual revenue is about $1.4 billion. CAE has also teamed up with the Michener Institute for Applied Health Sciences in Toronto, the Universite de Montreal and the Winnipeg Regional Health Authority to develop medical simulators that will help train doctors to perform surgical procedures. CAE stands to make just $5 million from the deal, but the company feels that medical simulators could soon account for 10% of its sales. CAE is a buy. SHAWCOR LTD. $17 (Toronto symbol SCL.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.4 million; Market cap: $1.2 billion; Price-to-sales ratio: 0.9; SI Rating:…