17:31:10 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



CAE Inc
Symbol CAE
Shares Issued 269,254,326
Close 2015-12-01 C$ 15.42
Market Cap C$ 4,151,901,707
Recent Sedar Documents

Successful Inv refreshes CAE buy

2015-12-01 21:29 ET - In the News

The Successful Investor, in its December, 2015, issue, refreshes its buy of CAE Inc., recently $15. The Investor said buy 30 times from January, 1995, to October, 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 30 buys, the $30,000 position would now be worth $57,570. CAE earned $47.7-million, or 18 cents per share, in the quarter ended Sept. 30, 2015, up from $42-million, or 16 cents per share, a year earlier. Revenues increased to $616.8-million in the second quarter of fiscal 2016 from $529.4-million in the same period last year. The company has won new contracts with the U.S. and German air forces, thereby boosting military sales. Most of the company's sales come from foreign customers, so the company is benefiting from the lower Canadian dollar. CAE sold 16 flight simulators during the latest quarter; its order backlog is now $6.4-billion. The company will probably earn 84 cents a share in all of fiscal 2016. The stock trades at a reasonable 17.9 times that estimate. CAE pays a 30-cent annual dividend, which is a 2-per-cent yield. The newsletter continues to recommend CAE as its No. 1 buy for 2015.

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