The Successful Investor, in its October, 2015, issue, says buy CAE Inc., recently $14. The Investor said buy 29 times from January, 1995, to February, 2015, at prices ranging from $5.47 to $24 (the stock split 2 for 1 on July 5, 2001). Assuming an investment of $1,000 for each of the 29 buys, the $29,000 position would now be worth $52,738. CAE has recently won several contracts for flight simulators and related equipment from airlines in China, South Korea, Russia and the United States. In all, these deals have a combined value of $130-million, or 6 per cent of CAE's annual revenue. The company has now sold 15 flight simulators in its 2016 fiscal year, which began on April 1, 2015. It sold 41 flight simulators in all of 2015. The stock remains the newsletter's No. 1 buy for 2015.
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