Topic: How To Invest

What are your thoughts about Canadian Helicopters Group? It has a good yield.

Article Excerpt

Canadian Helicopters Group, $29.89, symbol CHL.A on Toronto (Shares outstanding: 12.7 million; Market cap: $379.6 million; www.chc.ca), provides helicopter transportation services to clients in a broad range of industries, including infrastructure, utilities, oil and gas, mining, forestry, construction and emergency medical services. The company also supports military operations in Afghanistan. In July 2011, Canadian Helicopters completed its $127-million purchase of HNZ, which is New Zealand’s largest helicopter owner. The purchase brought Canadian Helicopters’ fleet up to 155 helicopters. The company operates from 35 bases across Canada, plus two in Afghanistan. HNZ also added operations in New Zealand, Australia, Cambodia and Laos. Canadian Helicopters also repairs and maintains helicopters in Canada and the U.S., and operates two flight schools in Canada. In the three months ended March 31, 2012, Canadian Helicopters’ revenue rose 33.2%, to $62.5 million from $46.9 million a year earlier. Earnings jumped to $0.63 from $0.37. The gains came mostly from the acquisition of HNZ. Canadian Helicopters Group plans to change its name…