Topic: How To Invest

Hi, Pat: Would you please share your opinion of Firan Technology Group? Thanks.

Article Excerpt

Firan Technology Group Corp., $1.83, symbol FTG on Toronto (Shares outstanding: 17.8 million; Market cap: $40.1 million; www.ftgcorp.com), makes electronic circuit boards for clients in the defence and aerospace industries. The company works closely with its clients to custom design these boards for specific uses. Circuit boards supply 74% of Firan’s revenue. It gets the remaining 26% by making electronic components for aircraft manufacturers, including illuminated cockpit panels, keyboards and bezels (metal rims that hold transparent coverings, as on a watch, clock or headlight). Firan has plants in Toronto, California and Tianjin, China. Major clients include Bombardier, Rockwell Collins and Bell Helicopter. In its 2015 fiscal first quarter, which ended February 27, 2015, Firan’s revenue rose 16.6%, to $16.3 million from $14.0 million a year earlier. Circuit board sales jumped 22% on higher shipments to several key customers. As well, Firan gets 85% of its revenue from clients outside of Canada, and the lower Canadian dollar contributed to the gain. However, revenue…