Gordon Pape Oct. 17From the G&M:
The stock is cheaper than it was five years ago at this time, but it has looked a little stronger recently. The company specializes in producing hardware and software solutions for the telecommunications industry.
Recent financial numbers look good. The company reported record revenue of $514.6-million for 2024 fiscal year to April 30. That was up from 13 per cent from the prior year. Net income was $71-million (91 cents per diluted share), up 10 per cent from the year before.
The stock pays a dividend of 19.5 cents per quarter (78 cents a year), to yield 6.4 per cent. The company has a solid dividend history, including some special payments over the years.
Based on history, this stock offers good cash flow, but the capital gains potential is minimal despite a low p/e ratio of 14.51. – G.P.