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https://www.bnnbloomberg.ca/video/mike-archibald-s-top-picks~2479735
CAE (CAE TSX)
CAE provides airline simulation training for pilots and airline crews. Revenue is equally split between civil aviation training and defence training. It is a great way to gain access to a return to more normal demand for both leisure and business and commercial air travel. There are very high barriers to entry in this industry. CAE is the leader in aviation training with a 30 per cent market share – global footprint, long-term customer relationships and a strong technology platform. Given the challenges of the pandemic, we should see significant, double-digit earnings growth over the next several years – high 20 per cent EPS growth over each of the next three years. Last purchase at $30.00.
TOP PICK
CAE Inc(CAE-T)
05/07/2022 at 08:00pm
Strong business, high barriers to entry. About 30% market share of aviation training. Good global footprint, high quality customers. Good tech platform. Airline challenges provide tailwinds. 25-30% estimated earnings growth for next 3 years. In troubled times, still preserved its clean balance sheet, maintained stable margins. Buy here, well rewarded over 2 years. No dividend. (Analysts’ price target is $40.29)
TRANSPORTATION EQUIP & COMPONENTS
Mike Archibald
$31.430
Owned