Symbol: CAE (TSE)
| Stock Profile: CAE
Inc. Symbol: CAE (TSE) |
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| Stats as of 6/15/01 |
| • H/L Ratio:
2.01 • RS: 95.2 • Shares: 108,199,928 • P/E: 28.05 • Price: $28.05 |
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CAE Inc. is the world's leading designer and manufacturer of flight simulators for pilot training. And in the last year or so, they have gone beyond making simulators to owning and operating training centers.
CAE actually has three divisions. Besides commercial flight simulators and training, they also make military simulations and control systems, and operate a forestry systems division. The military division built the helicopter training facility for the Royal Air Force in Britain. This system includes wrap around video displays to simulate a real flying/combat environment which includes computer generated simulations of up to 500 friendly and hostile craft on screen. The ultimate video game. Too bad you have to join the Royal Air Force to play!
The military division also designed and built control systems for Britain's Astute Class nuclear submarines.
President and CEO Derek Burney joined the company in October 1999 with a mandate to enhance shareholder value. This he has done in spades. The stock was Pat McKeough's stock-of-the-year pick for 2000 in the Globe and Mail's annual one-stock contest. Needless to say, Pat won handily, the stock doubling while all around dot-coms were crashing.
The company recently won $50 million in new contracts from American, Southwest and Lufthansa which propelled the stock to new highs again. It has dipped slightly from that point. Recent commentary in the Globe & Mail saw the stock as priced too high and due for a setback. We think it has more upside, but could suffer a temnporary correction on profit taking at current levels. (As of June 15, 2001). Returns from company operated training centers, including a new facility at Pearson Airport in Toronto will prove very lucrative. Long term trend is up.
Quarterly Earnings per Share
| 2000 | 2001 | % Change | |
| To Mar. 31st | $0.22 | $0.32 (on continuing operations) | 45.5% |
| Revenues (000s) | $323,100 | $291,100 | -9.9% |
Annual Earnings per Share
| to Nov. 30th | 1999 | 2000 | % Change | 2001 | % Change |
| EPS | $0.70 | $0.90 | 28.6% | $1.00 | 11.1% |
| Revenues (000s) | $905,900 | $1,168,800 | 29.0% | $1,213,200 | 3.8% |