Topic: How To Invest

Hello Pat, I’m interested in reading about your investment opinion on AeroMechanical Services Ltd. Thank you.

Article Excerpt

AeroMechanical Services Ltd., $0.56, symbol AMA on Toronto (Shares outstanding: 87.0 million; Market cap: $48.7 million), supplies a number of products and services to the aviation industry. These include a data-collection device that records flight information as it happens. It then relays the information to the aircraft operator’s facilities by satellite. AeroMechanical also makes a system that tracks an airline’s fuel-saving and emission-reduction efforts. In the three months ended June 30, 2009, AeroMechanical’s revenue jumped 122.1%, to $1.3 million from $596,263 a year earlier. The rise came from added recurring revenue from new clients, as well as an increase in consulting and engineering services. The company lost $1.3 million, or $0.02 a share, compared to a loss of $2.7 million, or $0.03 a share. AeroMechanical recently signed an agreement with L-3 Communications (symbol LLL on New York) to bundle its systems with L-3’s Flight Recorder. L-3 will then sell the bundled systems to aircraft makers and airlines. L-3 is the…