Updating INTERNATIONAL ROAD DYNAMICS, COMPUTER MODELLING GROUP and STORNOWAY DIAMOND CORP.

Article Excerpt

INTERNATIONAL ROAD DYNAMICS $0.62 (Toronto symbol IRD; SI Rating: Speculative) (306-653-6600; www.ird.ca; Shares outstanding: 14 million; Market cap: $8.7 million; No dividends paid) reports that its sales fell 16.4% in the three months ended November 30, 2010, to $10.7 million from $12.8 million a year earlier. The drop was due mainly a stronger Canadian dollar, which pushed down the company’s U.S. sales by 36.8%, to $4.8 million from $7.6 million. In Canada, sales rose 58.3% in the latest quarter. In the quarter, the company lost $335,000, or $0.03 per share, compared to earnings of $337,000, or $0.03 per share a year earlier. The lower sales were the main reason for the earnings decline. International Road Dynamics is still a buy. COMPUTER MODELLING GROUP $25.90 (Toronto symbol CMG; TSINetwork Rating: Speculative) (403- 531-1300; www.cmgroup.com; Shares outstanding: 18.1 million; Market cap: $467.7 million; Dividend yield: 3.1%) sells software to clients in the oil and gas industry. It also provides consulting services. In its fiscal 2011 third…

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