Steady gains for AlarmForce

Article Excerpt

ALARMFORCE INDUSTRIES $7.16 (Toronto symbol AF: SI Rating: Speculative) (1-800-267-2001; www.alarmforce.com; Shares outstanding: 12.2 million; Market cap: $87.6 million; No dividends paid) reports that it earned $2.2 million, or $0.18 a share, in the six months ended April 30, 2010. That’s up 29.4% from $1.7 million, or $0.14 a share, a year earlier. The home-security firm’s revenue rose 8.5%, to $18.2 million from $16.8 million. Demand for security systems is growing steadily. In all, the company had 107,900 subscribers at the end of the most recent quarter, up 12.4% from 96,000 a year earlier. AlarmForce is a buy. buy…