This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional.
Looking over my last entry, I notice I did not finish this stock off. This stock has recently been rising, which is a good sign. It is an Information Tech stock and since March it has done better than the S&P/TSX Info Tech Index and since May has done better than the general index. Yesterday at a price of $18.33, the P/E is 18.5 and the Trailing P/E is 20.6. This is higher than the 5 year average for these figures of 15.3 and 19.1. Usually you want to get it below the 5 year average, but the P/E has been rising lately, so this is a value judgment on whether P/E is acceptable or not.
They have also recent raised their dividends. Their annual dividend has been moved to $.80. They have also declared a special dividend for June 2008 of $.25. This would mean a total of $1.05 dividend this year. This is higher than what the expected Earnings per Share of $.99, so you have to wonder what the company thinks the Earnings per Share will be this year.
Will this stock be a future dividend paying growth stock added to our lists of such stocks? Only time will tell.
See my spreadsheet on this company at http://www.spbrunner.com/stocks/cmg.htm. See my website at http://www.spbrunner.com/stocks.html.
It is a computer software technology and consulting firm engaged in the development and sale software. (Note I had incorrectly labeled this stock in yesterday’s blog, but I have corrected this.) Its web site is www.cmgl.ca.
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