The Investment Reporter, in its March 20, 2015, issue, says buy Heroux-Devtek Inc., recently $10. The Reporter said buy four times from April 21, 2005, to July 27, 2012, at prices ranging from $4.22 to $8.95. Assuming an investment of $1,000 for each of the four buys, the $4,000 position would now be worth $5,950. Heroux-Devtek makes landing gear and parts to the aerospace market. On Feb. 28, 2015, the company opened a new manufacturing plant in Cambridge, Ont., in connection with its long-term contract to supply Boeing with B-777 and B-777X aircraft landing gear. It expects to begin deliveries of the Boeing landing gear in early 2017. Heroux-Devtek also makes other equipment for the aerospace industry, including hydraulic and fluid filtration systems; this diversifies its revenue and earnings base. In the nine months ended Dec. 31, 2014, Heroux-Devtek earned 34 cents a share, up from 29 cents a share a year earlier. In the 2015 fiscal year ending March 31, 2014, the company is expected to earn 54 cents a share; it will probably earn an even higher 60 cents a share in 2016. Heroux-Devtek is a buy for long-term share price gains, but only if you need no dividends and can accept a "higher risk" stock.
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