Here’s Our Pick Of The Month September 2008

Article Excerpt

CALIAN TECHNOLOGIES $12.23 (Toronto symbol CTY; SI Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 8.2 million; Market cap: $99.8 million) operates in two areas: providing engineering, healthcare and other skilled professional personnel to clients on a contract basis, and producing communications systems. This includes offering a full range of hardware and software systems for testing, operating and managing satellite and other communications systems. In the three months ended June 30, 2008, Calian’s revenues rose 5.7%, to $51.0 million from $48.2 million. Earnings per share rose 33.3%, to $0.40 to $0.30. The company continues to benefit from a stronger market for satellite communication systems. For example, it recently won a contract with DRS Technologies, a U.S.-based supplier of military and electronic systems, to supply radar systems valued at $11.7 million. At the same time, Calian’s personnel contracting division continues to gain from the steady delivery of services to various Canadian federal government departments (59% of revenues), including the Department of National Defence. The company’s board…