Two Niche Techs With a Global Reach

Article Excerpt

COMPUTER MODELLING GROUP $14.17 (Toronto symbol CMG; SI Rating: Speculative) (403- 531-1300;; Shares outstanding: 8.3 million; Market cap: $117.6 million) is a computer software technology and consulting company specializing in the oil and gas industry. Its software provides engineers with oil and gas reservoir simulation, and three-dimensional visualization and animation. The company has over 250 clients worldwide in 45 countries. Computer Modelling’s revenues in the three months ended June 30, 2007 rose 20.4%, to $5.6 million from $4.6 million. Earnings per share were unchanged at $0.13. Revenues in the latest quarter included contract research revenues of $1.4 million, up 60% from $867,000 a year earlier. However, earnings were flat as the added revenues were offset by additional staff, travel and other overhead expenses related to the contract research projects. Earlier this year the company raised its quarterly dividend by 50%, to $0.15 a share from $0.10 a share. The stock now yields a high 4.2%. Computer Modelling holds cash of $19.6 million…

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