Topic: How To Invest

Pat: I recently saw the incredible detail provided by Avigilon surveillance cameras. It looks like the company is growing very fast. What do you think of the stock?

Article Excerpt

Avigilon Corp., $31.36, symbol AVO on Toronto (Shares outstanding: 42.9 million; Market cap: $1.3 billion; www.avigilon.com), designs, makes and sells high-definition surveillance systems. Users can view these images from their computers, tablets or smartphones. In the three months ended September 30, 2013, Avigilon’s revenue rose sharply, to $51.2 million from $25.5 million a year earlier. Excluding one-time items, earnings per share jumped to $0.23 from $0.08. Avigilon holds cash of $34.2 million, or $0.86 a share, and has no debt. The company spends 5% of its sales on research and development. That’s letting it develop new products, such as its LightCatcher technology. LightCatcher is designed for viewing colour detail in dimly lit areas, such as bars, restaurants and parking lots, for use in criminal investigations. The company believes this ability can be a big factor in a successful investigation. Avigilon just raised $69 million by issuing 2.9 million shares at $24.10 each. It will use these funds to continue its expansion and…