Topic: How To Invest

The Successful Investor Hotline – Friday, March 18, 2022

Article Excerpt

CGI INC., $104.07, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2022. 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 can help it expand geographically. Under that strategy, the company has agreed to buy Umanis SA, a publicly traded French company that sells computer outsourcing services to clients in France, Spain, Luxembourg, Morocco and Switzerland. That will strengthen CGI’s operations in Western and Southern Europe, which accounts for 17% of its total revenue. CGI will initially acquire 70.6%…