Topic: How To Invest

The Successful Investor Hotline – Friday, November 12, 2021

Article Excerpt

CGI INC., $111.72, Toronto symbol GIB.A, is still 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. Thanks partly to recent acquisitions, the company’s revenue in its fiscal 2021 fourth quarter, ended September 30, 2021, rose 2.8%, to $3.01 billion from $2.93 billion a year earlier. That beat the consensus forecast of $2.97 billion. If you factor out foreign exchange rates, revenue improved 6.4% in the quarter. If you…