Updating CAE Inc., Torstar Corp. and TC Energy Corp.

Article Excerpt

CAE INC. $36 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 265.1 million; Market cap: $9.5 billion; Price-to-sales ratio: 2.9; Dividend yield: 1.1%; TSINetwork Rating: Average; www.cae.com) is a leading maker of flight simulators for commercial and military aircraft. It also operates pilot-training schools in over 30 countries and makes mannequins and other medical-simulators for training health professionals. The company’s strong reputation continues to help it win new contracts. It recently extended its current pilot training deal with SAS (Scandinavian Airlines) for an additional five years. As well, CAE won a new contract from the U.S. Navy to train aircrews for its UC-12 transport planes. The company has yet to reveal the value of those agreements. CAE is up 30% in the past year, partly because aviation regulators will demand additional pilot training once the currently grounded Boeing 737 Max jetliners return to service. The stock trades at a high, but still reasonable, 25.9 times the $1.39 a share that…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.