Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, March 14, 2008

Article Excerpt

20-20 TECHNOLOGIES, $6.75, symbol TWT on Toronto, is a leading maker of computer-aided design, sales, engineering and manufacturing software for the interior design and furniture industries. The Montreal-based company serves clients in 100 countries and markets software in 23 languages. In the three months ended January 31, 2008, 20-20 Technologies’ revenues rose 7.7%, to $16.8 million from $15.6 million a year earlier. (All figures except share price in U.S. dollars.) However, earnings per share fell 25%, to $0.03 from $0.04. The fall in the U.S. dollar hurt 20-20’s earnings. The slowdown in U.S. new home construction has also slowed 20-20’s growth in that segment. However, it also makes a lot of its sales to dealers selling to individual customers undertaking bath, kitchen and other home renovation projects. These are less dependent on new housing starts. In contrast to 20-20’s slowing North American revenues (61.9% of sales), its European sales are rising, up 25.2% in the latest quarter. The company has a high…