AlarmForce keeps growing

Article Excerpt

ALARMFORCE INDUSTRIES $4.18 (Toronto symbol AF: SI Rating: Speculative) (1-800-267-2001; www.alarmforce.com; Shares outstanding: 12.1 million; Market cap: $50.6 million) reports that in the three months ended January 31, 2009, its cash flow per share jumped 50%, to $0.15 from $0.10. Revenue rose 16.7%, to $8.3 million from $7.1 million. AlarmForce continues to add subscribers, especially in the U.S., where subscriptions jumped 62.7%, from 5,900 to 9,600. Alarm-Force now has 93,200 subscribers, up 12.8% from 82,600 a year earlier. Canadian subscriptions rose 8%, to 82,800 from 76,700. AlarmForce is still a buy. buy…