Topic: How To Invest

The Successful Investor Hotline – Friday, November 11, 2022

Article Excerpt

CGI INC., $113.30, 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 help it to expand geographically. Under that strategy, it has completed five acquisitions since October 2021 for a total of $658.6 million. Thanks partly to those purchases, CGI’s revenue in its fiscal 2022 fourth quarter, ended September 30, 2022, rose 8.0%, to $3.25 billion from $3.01 billion a year earlier. That topped the consensus forecast of $3.21 billion. If…