Canadian Stock Profiles| Canadian Stock Profiles |
| In 1999 Inventronics Inc. re-invented
itself from a job shop metal fabricator to a
customer-focused design, engineering, fabrication and
integration contract manufacturer. What it does is build
made-to-order enclosures for Original Equipment
Manufacturers in the telecommunications, electric
utility, computer and business equipment sectors. One of the elements of this change was the company's acquisition of Pacific Design Engineering, introducing the design element into Inventronics manufacturing operations. It is the company's intent to become the leading full-service outsourcing manufacturer for North American OEMs in this field. The changes have been good to the company with First Quarter results to Mar. 31, 2000 showing a 132% increase in sales over the same quarter in 1999 and a profit of $0.04 a share compared to a loss of $0.10 a share. The second quarter was equally impressive with revenues up 83.8% and a profit of $0.14 a share against a loss of $0.72. These results produced a surge in the stock price in late July 2000. But even after that surge, with growing revenues and earnings, it traded at a low P/E of just 4.53 on July 28th, indicating further upwards potential. The company was a featured stock pick of The FutureStock Review in its May 2000 issue. The company maintains operations in Burnaby, B.C., Brandon, Manitoba and Sherwood Park, Alberta with head office in Calgary. Shares Outstanding: 2,830,529
Address: Phone: 403-265-4880 This page last updated: July 30, 2000 |
Stock Symbol: IVT (TSE) News: Forums: |