Topic: How To Invest

Pat: What is your recommendation on Pure Technologies? Thanks for your advice.

Article Excerpt

Pure Technologies Ltd., $6.68, symbol PUR on Toronto (Shares outstanding: 49.6 million; Market cap: $331.3 million; www.puretechltd.com), makes systems that manage and monitor infrastructure, such as bridges, pipelines, nuclear power plants, high-rise buildings and parking garages. Pure designs and supplies the systems, then provides ongoing monitoring and technical support. The company also provides engineering services for water and waste-water pipelines, mainly for municipalities in Canada and the U.S. In the three months ended March 31, 2012, Pure Technologies’ revenue jumped 158.5%, to $20.1 million from $7.8 million a year earlier. Pure gets 30% of its revenue from Libya, and the company made a big “catch up” equipment delivery to the country after its shipments were halted last year due to the Libyan civil war. If you exclude that sale, Pure’s revenue would have risen 20.0%. The company earned $0.06 a share in the latest quarter, compared to a loss of $0.11 a year earlier. Pure holds cash of $29.6 million, or $0.60 a..