Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, September 18, 2009

Article Excerpt

ALARMFORCE INDUSTRIES, $5.40, symbol AF on Toronto, reports that it earned $1.4 million, or $0.12 a share, in the three months ended July 31, 2009. That’s up 156.5% from $553,926, or $0.05 a share, a year earlier. The home-security firm’s cash flow per share jumped 54.5%, to $0.17 from $0.11. Revenue rose 12.5%, to $8.5 million from $7.6 million. AlarmForce mainly attracts new customers by aggressively promoting itself through radio and TV advertising. In the U.S., subscriptions jumped 54.4%, to 12,200 from 7,900 a year earlier. Canadian subscriptions rose 8.7%, to 86,500 from 79,600. In all, the company had 98,700 subscribers at the end of the most recent quarter, up 12.8% from 87,500 a year earlier. Demand for security systems remains steady, and AlarmForce’s balance sheet is strong. These factors will let the company continue to profit from the economic recovery. Moreover, AlarmForce’s $929,168 long-term debt is just 1.4% of its market cap. It holds cash of $6.6 million, or…