Adding Global Contracts

Article Excerpt

INTERNATIONAL ROAD DYNAMICS $0.60 (Toronto symbol IRD; SI Rating: Speculative) (306-653-6600; www.ird.ca; Shares outstanding: 14.0 million; Market cap: $8.4 million) continues to win new customers. For example, it recently won a $2-million U.S. contract with the Indiana Department of Transportation to supply, install and maintain systems to weigh trucks in motion on highways, rather than at lessefficient roadside weigh stations. International Road also recently won a contract in Hong Kong to supply and install a weigh-in-motion system for bridge monitoring and protection on the Stonecutters Bridge. The contract value is $806,400. The company has also been awarded a three-year, $1-million contract with the Hawaii Department of Transportation for a continuous traffic monitoring data collection system. To put these contracts into perspective, International Road’s revenues were $10.2 million in the latest quarter and $39.8 million in fiscal 2007. The company made $0.03 a share in the latest quarter, up from $0.02 a year earlier. International Road Dynamics is a buy for aggressive investors. investors…