Topic: How To Invest

Hi Pat: I would like to get your recommendation on Avigilon Corporation. Thanks.

Article Excerpt

Avigilon Corp., $23.40, symbol AVO on Toronto (Shares outstanding: 46.4 million; Market cap: $1.1 billion; www.avigilon.com), designs, makes and sells high-definition surveillance systems. Users can view the images from this equipment on computers, tablets and smartphones. In the three months ended March 31, 2014, Avigilon’s revenue rose sharply, to $55.8 million from $32.0 million a year earlier. Excluding one-time items, earnings per share jumped to $0.19 from $0.07. Avigilon holds cash of $60.1 million, or $1.30 a share, and has no debt. The company spends 5% of its sales on research, which lets it develop new products like its LightCatcher technology. LightCatcher is designed for viewing colour detail in dimly lit areas, such as bars, restaurants and parking lots, or for use in criminal investigations. The company believes this ability can be a big factor in a successful investigation. Avigilon just raised $100 million by issuing 3.4 million shares at $29 each. It will use these funds to continue its expansion and make acquisitions, such…