Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, March 19, 2010

Article Excerpt

20-20 TECHNOLOGIES INC., $3.35, symbol TWT on Toronto, reported that its earnings jumped 158.1% in its latest quarter. In the three months ended January 31, 2010, the company earned $462,000, or $0.02 a share. A year earlier, it earned $179,000, or $0.01 a share (all figures except share price in U.S. dollars). Montreal-based 20-20 makes computer-aided design, sales, engineering and manufacturing software for clients in the interior-design and furniture industries. The company has customers in 100 countries, and markets software in 23 languages. 20-20’s revenue rose 6.3%, to $16.6 million from $15.6 million. Favourable foreign-exchange rates accounted for 4.6% of that gain. Improving North American housing markets also contributed to the higher revenue. The company’s $15.2 million of long-term debt is a reasonable 22% of its market cap. It holds cash of $22.2 million, or $1.17 a share. 20-20’s wide range of customers and presence in many different markets put it in a good position to gain from a continued global economic…