SummaryI wanted to share the results of some of my research on this stock which supports why I bought it.
Rev growth ttm 8.5% (would have been higher except for the US$ exchange rate) EPS growth substantial..from a loss, forward EPS growth 30%, P/E 22 ($2.42), P/B 5.16, NM 10.1%, ROE 22.8%, no net debt, good WC $16.3M.
I like the margins & they should get better as they leverage higher sales, EPS growth is very good, valuation is quite reasonable relative to growth, timely efficient product, strong balance sheet. One concern is the US$ exchange rate. They plan to change to reporting in US$. It seems to me that while this may show better YoY numbers on the earnings report, it is still the same result when converting to the trading currency which is Cdn so this doesn't do much for me. In summary looks like a good bet for a moderate position, Cheers!!!