Topic: How To Invest

The Successful Investor Hotline – Friday, December 10, 2021

Article Excerpt

CGI INC., $108.78, Toronto symbol GIB.A, is our #1 Aggressive Buy for 2021. The stock lets investors tap Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies. That makes companies more efficient and lets them focus on their main businesses. CGI follows what it calls a “Build and Buy” strategy. The “build” part refers to the expansion of its relationships with current clients as well as the development of new ones. The “buy” part involves making acquisitions. The company tempers the risk of buying other companies by targeting firms that complement its expertise or that help it to expand geographically. The company’s latest acquisition is Unico. Based in Melbourne, Australia, that firm provides computer technology and system integration services to businesses (mainly in the communications, utilities and financial services industries) as well as government agencies. CGI has not yet said how much it’s paying for Unico. However, the purchase complements its new Space,…