Topic: How To Invest

Power Growth Investor Hotline – Friday, August 14, 2020

Article Excerpt

CALIAN GROUP LTD., $63.10, is a buy. The stock (symbol CGY on Toronto) has soared to all-time highs since last week. We think it will provide you with further gains. Investors benefit from the Ottawa-based company’s two main operations: Business and Technology Services (70% of revenue) provides clients with engineers, health-care workers and other skilled professionals on a contract basis; and Systems Engineering (30%) sells hardware and software for testing, operating and managing satellite and other communication systems. Calian’s focus on secure Canadian government contracts continues to pay off in a big way, especially during the COVID-19 crisis. In its fiscal 2020 third quarter, ended June 30, 2020, revenue jumped 18.8%, to a record $105.5 million from $88.8 million a year earlier. The company has reported record quarterly revenue for the eighth consecutive quarter. The gain was mostly due to Calian’s new contracts, but also due to its recent acquisitions. Excluding one-time items, the company earned $5.6 million in the latest quarter. That was…

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