CAE’s strong reputation pays off

Article Excerpt

CAE INC. $26 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 266.3 million; Market cap: $6.9 billion; Price-to-sales ratio: 2.3; Dividend yield: 1.5%; TSINetwork Rating: Average; www.cae.com) continues to win pilot-training contracts. For example, it recently won a deal to train pilots for U.K.-based airline easyJet. That 10-year contract is worth $170 million. That’s equal to 6% of the company’s annual revenue of $2.7 billion. CAE also announced new contracts to train pilots to fly business jets operated by Alerion, DC Aviation, Icon Aviation and Windsor Jet. It has not yet revealed the value of those deals. CAE is a buy. buy…

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.