Calian expands in health

Article Excerpt

CALIAN GROUP $27.28 (Toronto symbol CGY; TSINetwork Rating: Speculative) (613-599-8600;; Shares outstanding: 7.8 million; Market capitalization: $218.2 million; Dividend yield: 4.1%) continues to build its backlog of health services contracts by signing additional agreements with its existing clients. This latest Canada Border Services Agency (CBSA) contract is for a site in Laval, Quebec. The deal comes after Calian’s health services unit recently re-won a similar contract to supply on-site health solutions at a CBSA holding centre in Toronto. Factoring in extensions, the two agreements have terms of up to five years. Combined, the deals extended to the fullest possible term also have a total value of more than $10 million. To put that amount in perspective, Calian had sales of $73.4 million in the latest quarter. Calian Group is still a buy. buy…

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