Here are updates on two of your buys

Article Excerpt

Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for investors. Here are two buys that stand out this month: CALIAN GROUP, $66.52, is a buy. The company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares outstanding: 11.6 million; Market cap: $759.5 million; Dividend yield: 1.7%) lets investors benefit from its four operating segments: Advanced Technologies; Health; Learning; and Information Technology & Cyber Solutions. Ottawa-based Calian’s focus on secure Canadian government contracts continues to pay off in a big way. In the three months ended September 30, 2022, revenue rose 25.8%, to a record $160.6 million from $127.6 million a year earlier. The revenue gain was primarily driven by strong performances in Calian’s Information Technology & Cyber Solutions and Learning segments. Excluding one-time items, the company earned $10.3 million, or $0.90 a share, in the latest quarter. That was up 25.2% from $8.9 million, or $0.79. Calian holds cash…