Good quarter for AlarmForce

Article Excerpt

ALARMFORCE INDUSTRIES $10.50 (Toronto symbol AF: TSINetwork Rating: Speculative) (1-800-267-2001; www.alarmforce.com; Shares outstanding: 12.2 million; Market cap: $128.5 million; No dividends paid) sells two-way voice alarm systems and monitoring services in Canada and the U.S. In the quarter ended January 31, 2011, the company’s sales rose 10.0%, to $9.9 million from $9.0 million a year earlier. Earnings per share rose 30%, to $0.13 from $0.10. AlarmForce had 116,700 subscribers on January 31, 2011, up 2.8% from 105,300 a year earlier. AlarmForce is now a hold. hold…