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VIQ Solutions Inc. is a Calgary company that makes systems for digitizing courtroom proceedings and that provides transcription services for the medical and legal professions and for government. Shares purchased at an average cost of 18 cents have recently traded at 17 cents. The company has a $13-million market capitalization, and is doing about $13-million in sales. A value play equal to buying a business for one year’s sales, the company should be able to grow revenue at 30 per cent per year, Mr. Sutton said. If the company performs as expected, then earnings for the year ended Dec. 31, 2007 should rise to 7 cents per share from 3 cents a year earlier. Within 12 months, shares should hit 60 cents, he noted.
Andrew Allentuck writes about investments for The Globe and Mail, and reviews books on finance for globefund.com and globeinvestor.com. He is also the author of several books.
Posts: 191 | From: Ontario, Canada | Registered: Mar 2006
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