Strong balance sheet a plus

Article Excerpt

CALIAN TECHNOLOGIES $18.36 (Toronto symbol CTY; TSINetwork Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 7.5 million; Market cap: $138.4 million; Dividend yield: 6.1%) earned $0.43 a share in the three months ended June 30, 2013, down 4.4% from $0.45 a year ago. Revenue fell 2.1%, to $58.1 million from $59.3 million. Fewer orders from Canadian federal government departments hurt results in the latest quarter. Still, Calian is well positioned to wait for a rebound in government orders, with cash of $31.3 million, or $4.17 a share, and no debt. Its dividend, which now yields a very high 6.1%, also looks safe. Calian Technologies is still a buy. buy…