The Investment Reporter, in its May 17, 2013, issue, says buy CGI Group Inc., recently $31.31. The Reporter said buy six times from Feb. 6, 1997, to June 15, 2012, at prices ranging from $6.29 to $33.50 (the stock split 2 for 1 four times -- on Aug. 8, 1997, Dec. 11, 1997, May 19, 1998, and Jan. 5, 2000). Assuming an investment of $1,000 for each of the six buys, the $6,000 position would now be worth $$49,125. In the fiscal 2013 second quarter ended March 31, 2013, the information technology and business process service provider earned $175.9-million (56 cents a share). This compares with earnings of $105.7-million (44 cents a share) a year earlier. CGI generated cash flow of $354.2-million in the first half of fiscal 2013, up from $314.4-million a year earlier. The improved results came from the company's acquisition of Logica PLC. In the year ending Sept. 30, 2013, CGI is expected to earn $2.03 a share, up from $1.50 a share in the prior year. Next year, the company is expected to earn $2.52 a share. CGI remains a buy for long-term share price gains, provided you need no dividends.
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