Topic: How To Invest

Hi Pat: What is your opinion of C-COM Satellite Systems? Thank you.

Article Excerpt

C-COM Satellite Systems, $1.57, symbol CMI on Toronto (Shares outstanding: 35.4 million; Market cap: $55.6 million; www.c-comsat.com), develops and sells satellite technology that delivers high-speed Internet, voice-over-Internet Protocol (VoIP) telephony and video into vehicles. C-COM has developed a self-deploying antenna, called iNetVu, that lets vehicles access high-speed satellite Internet—though they must be stationary to do so. Users include oil and gas exploration vehicles operating in harsh environments, mining, medical and construction vehicles and fire departments. In the three months ended August 31, 2013, C-COM’s revenue rose 24.8%, to $3.1 million from $2.5 million a year earlier. Earnings per share were $0.01 in the latest quarter, compared to nil per share. The company holds cash of $14.1 million, or $0.40 a share, and has no debt. It raised its quarterly dividend by 25% with the November 2013 payment, to $0.0125 a share. The stock now yields 3.2%. C—COM’s dividend adds appeal, but its market is narrow, competitive and rapidly changing. We don’t…