Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, June 26, 2009

Article Excerpt

INTERNATIONAL ROAD DYNAMICS, $0.80, symbol IRD on Toronto, continues to sign new contracts. This week, the company announced that it has signed two new deals involving weigh-station systems for trucks: One is with the state of Wisconsin, and the other is with Georgia. Taken together, these new contracts are worth roughly $2.7 million. Both states have been International Road customers for a long time. The company’s weigh-in-motion system weighs trucks while they’re moving, rather than at less-efficient roadside weigh stations. Aside from these, International Road makes products and systems that manage highway traffic, such as automated toll-road technology, as well as advanced traffic-control, driver-management and data-collection systems. Saskatoon-based International Road has customers all over the world. To put these deals in perspective, International Road posted revenue of $11 million in the three months ended February 28, 2009. The company made $0.02 a share in the quarter, compared to a loss of $0.02 a year earlier. International Road Dynamics is still a buy…