The Investment Reporter, in its April 17, 2015, issue, refreshes its buy of Evertz Technologies Ltd., recently $16.94. The Reporter said buy five times from July 17, 2009, to Nov. 25, 2014, at prices ranging from $12.90 to $17. Assuming an investment of $1,000 for each of the five buys, the $5,000 position would now be worth $5,437. Evertz designs, produces and sells video and audio services for the television, telecommunication and new media industries. In the year ending April 30, 2015, the company is expected to earn 90 cents a share. Next year, it is expected to earn $1.01 a share, giving a reasonable forward price-to-earnings ratio of 16.8 for fiscal 2016. Evertz pays a high annual dividend of 72 cents a share, which is an attractive yield of 4.25 per cent. With rising earnings, the newsletter believes the dividend is sustainable. The stock remains a buy for long-term share price gains and attractive dividends.
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