Updating CGI Group Inc., Torstar Corp. and RioCan Real Estate Income Trust

Article Excerpt

CGI GROUP INC. $63 (www.cgi.com) is Canada’s largest provider of computer-outsourcing services. The company has won a contract from Bisnode, a Swedish firm that provides data analytics services to businesses in Europe. Under the deal, CGI will improve the performance and security of Bisnode’s systems. This five-year agreement is worth $35 million; that’s small next to CGI’s annual revenue of $10.7 billion. However, the agreement enhances the company’s reputation and will help it win more contracts in Europe. CGI is our #1 Aggressive Buy. TORSTAR CORP. $1.79 (www.torstar.com) launched Star Touch, a digital version of its flagship newspaper The Toronto Star, for tablet computers in September 2015. So far, the company has spent $25 million on that project. To put that amount in context, Torstar lost $76.0 million, or $0.94 a share, in 2016. However, Star Touch has not been as successful as the company had hoped. That’s partly due to declining tablet sales as consumers switch to larger smartphones. Hold. RIOCAN…

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