Pulse looks ahead

Article Excerpt

PULSE DATA $1.18 (Toronto symbol PSD; SI Rating: Speculative) (403-237-5559; www.pulsedatainc.com; Shares outstanding: 53.2 million; Market cap: $62.8 million) reports that in the three months ended December 31, 2008, revenue rose 7.1%, to $12.3 million from $11.5 million. Cash flow per share rose 13.3%, to $0.17 from $0.15. Despite the improved results, the company has temporarily suspended its dividends. The move was spurred by lower oil and gas prices, which it expects will push down clients’ exploration spending this year. Lower exploration spending hurts Calgary-based Pulse Data’s seismic data library sales. Suspending the dividend will save Pulse $2.6 million each quarter. Directors and senior managers are also cutting their pay and lowering the company’s administrative costs. Pulse Data is still a buy for aggressive investors. investors…