The Investment Reporter, in its Oct. 2, 2015, issue, says buy EXFO Inc., recently $3.96. Previously, The Reporter said buy once, on Jan. 9, 2015, at $3.82. Assuming an investment of $1,000 for the single buy, the $1,000 position would now be worth $1,033. EXFO provides service assurance and network visibility software to equipment manufacturers and network operators. The company is thought to have earned eight cents a share in the year ended Aug. 31, 2015, up eightfold from one cent a share the year before. Based on the 2015 estimate, the shares trade at a high price-to-earnings ratio of 49.5. In fiscal 2016, which began on Sept. 1, 2015, the company is expected to earn 22 cents a share, giving a forward P/E ratio of 18. The Reporter says this is a high multiple, but also reasonable for a company with fast-growing earnings per share. EXFO is debt free and trades only slightly above its book value of $3.92 a share. Management owns 59.4 per cent of the company, making its interests similar to yours. EXFO is a buy for long-term share price gains, but only provided that you need no dividends and can accept a "higher risk" stock.