STOCKCHASE

This would probably make a good case study for the Canadian securities course. When you hear a compelling story, beware. When a story is too good to be true, it probably is.

2009-07-02

PAST TOP PICK

0.225

(A Top Pick Nov 7/07. Down 97.6%.) Bomb jamming equipment. The product is desperately needed but unable to get long-term contracts out of the US. Profitable and a reasonable backlog

2009-01-26

SELL

0.355

(Market Call Minute.) Badly beaten up.

2008-09-23

DON'T BUY

1.450

Sold his holdings but thinks there’s a real company in there but we’re in a market that is treating small caps like they are all going to go bankrupt. Can’t see a lot of downside at this point but it may take a long time.

2008-08-18

PAST TOP PICK

2.580

(A Top Pick July 26/07. Down 62%.) Electronic jammer to offset roadside bombs. New contracts have been added and new ones expected.

2008-06-18

BUY

2.520

Howard Sutton

Electronic counter measures for jamming explosives. Pull back was due to multi vendors supplying the military. Just won contracts with General Dynamics (GD-N) and the UK. Cheap on a valuation basis. Risk on the downside is pretty good.

2008-06-17

TOP PICK

2.400

Werner Muehelemann

Produce jammers for roadside bombs. Have won a lot of contracts but haven't received the purchase orders, which is why the stock has come down. Latest quarter was a bit weak. Revenue that had been expected in 08 will probably come in 09. Trading at around 7X earnings. Will double earnings from 08 to 09. Reducing debt.

2008-05-28

Comment

4.050

Howard Sutton

When you look at the earnings, this looks really cheap. Doesn't own it, but thinks he should revisit it.

2008-05-05

TOP PICK

4.100

John Zechner

Roadside bomb detectors. On what he thinks they are going to generate on an earnings to cash flow basis, the stock is trading on single-digit multiples at about 4X cash flow. They have the cash but it's under the radar screen.

2008-04-28

PAST TOP PICK

4.030

(A Top Pick July 10/07. Down 53%.) Electronic jammers to prevent roadside bombs. Sold his holdings but recently repurchased because of their next generation products coming out in June. Cheap.

2008-04-08

DON'T BUY

3.680

Jeff Parent B. Eng. FCSI

Had a big down day in December, which really spooks him. Today's action does not look good. Dropping down to $3 or $2.50 would not surprise him.

2008-04-02

WATCH

4.300

They make jammers for roadside bombs. Has pulled back because of concerns about one of their contracts. Earnings expected to go from $.14 of Sept/07 to $.69 in Seopt/08, which is a PE of about 6X. Ranks near the bottom 3rd of his database. Company is looking to leapfrog technology in the next 6 months. Company has guided to large sales in 08. Stock must hold at the $4 level before you buy.

2008-02-20

TOP PICK

4.440

Werner Muehelemann

Made a big acquisition last fall, which essentially will more than double the company. They are guiding up $160 million of EBITDA. Trading at around 5X earnings and is extremely cheap. There are only 2 players.

2008-01-09

BUY

5.390

Hugh Cleland, CFA

(Market Call Minute.)

2007-12-27

DON'T BUY

5.080

Brian D. Pow MBA

Had some significant top line growth, but had some significant write offs relating to the acquisition they did. They are hinging a lot of their business on some major US contracts. At this price, it is worth watching.

2007-12-19

SELL

4.870

Glenn Paradis, BA, CFA

If you own, consider it as a tax loss sale. There is nothing imminent that is going to drive it up. On Dec 24 it will be added into the TSX index. That will give you a good opportunity to take advantage of some strength. Right now, $.84 for 08 and $1 for 09 is too high.

2007-12-17

DON'T BUY

5.100

Stock dropped 40% when they lost the US Defence Department contract. There is a lot of uncertainty as to why they lost this. Also did a big financing of $9.5 million. Let it shake itself out before buying.

2007-12-14

Comment

5.170

Robert Floyd

Mine jamming equipment. Just lost getting the Crew3 contract. A lot of these companies are very dependent on new contracts and are very news dependent.

2007-12-11

Comment

9.420

Struggling a little bit as they did a giant acquisition and they are just going through the 1st quarter of the acquisition. Did a financing at $9.50. Had to absorb a $300 million financing, which took a lot of buyers off the table. Short-term target would be $10 tops but if their 1st quarter is good with this acquisition they could go to $15.

2007-11-26

Comment

9.930

Lesley Marks

Interesting technology to detect and detonate roadside bombs. Did a large financing to acquire Med-Eng. Expect to see continued contract announcements. Stock should trade up, but the one caveat is the integration issues.

2007-11-15

HOLD

10.060

Robert Floyd

Did an issue and it kind of slowed up the company in terms of trading. Somewhat of an expensive stock.

2007-11-14

DON'T BUY

9.950

Market Call Minute - Market is too frothy and he is nervous about this. Very high Beta.

2007-11-13

BUY

9.730

Manufactures a device that detects and jams roadside bombs. Really likes this one. Starting to get some big orders for this technology. Just acquired Med-Eng, which has complementary technology. Feels the 2 together will be worth $15.

2007-11-12

TOP PICK

10.250

(A Top Pick Feb 28/07. Up 93.8%.) In the top 25% of the database. Potentially large market for N.A. fixed locations such as bridges, tunnels and buildings.

2007-11-07

BUY

10.460

Alex Ruus

Most interesting defence oriented company in Canada. Have some great contracts. Can see it going higher from here.

2007-11-05

BUY

10.500

Veronika Hirsch

A fantastic stock. Have a great prospects.

2007-10-31

HOLD

10.500

Michael Smedley

Have doubts as to the matter of measuring how many explosions they warded off roadside bombs in Iraq. Never sure of the political direction of anything in terms of Iraq and the US staying power there. He feels it will go higher.

2007-10-31

DON'T BUY

9.300

A concept stock that has been turning into a reality play, might be seeing some competition.

2007-10-17

BUY

9.740

Chyanne Fickes

Products have become much more commodity driven given what is going on in Iraq. There is a $20 target on this stock and it has been extremely volatile. A little pricey, but not a bad play.

2007-10-01

Comment

9.500

Peter Brieger

One of the major players in the defence area for roadside bombs, et cetera. It's an intriguing area and he is looking into this.

2007-09-25

WEAK BUY

9.600

No one cared about company for last month. They have to execute on this acquisition, be cautious on the first and second quarters. Like it, think they’ll do O.K.

2007-09-20

DON'T BUY

9.730

Robert Floyd

Have shown some real strength in some of the contracts over the last 6 months. Easy money has been made.

2007-09-14

Comment

10.600

Michael Smedley

Made an acquisition, which takes them into body armour, etc. for land mines. Very focused on Iraq and roadside bombs. Have been winning contracts and there is great optimism that big sales will continue and big earnings to come. He also thinks about when

2007-09-10

Comment

9.290

Still a concept stock at this time. An exciting story and will probably go higher, but a very dangerous and risky stock.

2007-08-20

STRONG BUY

9.250

Convinced that this company is going to be a big big player. Bought some today.

2007-08-17

BUY

9.050

Jeff Parent B. Eng. FCSI

Has a very nice chart. While the markets are going down, this one is going up. Has gone through a trans formative change. In a good sector. Trading above most moving averages. Be careful if it drops below $7.

2007-08-15

BUY

9.600

Just made an accretive acquisition through share issuance and debt. Analysts will be researching now and will probably come up with $1 per share for 2009. Because it is in defence, he expects the multiple will be fairly high.

2007-08-07

TOP PICK

6.950

Electronic jammers for bombs. Ranks in the top 5% of his model. Earnings expected to grow to $0.12 in 2007 and $0.66 in 2008 giving an 11 P/E.

2007-07-26

TOP PICK

7.830

Ranks #20 out of 700 stocks. There is a dire need for its product that does electronic jamming of roadside bombs in Afghanistan and Iraq. Looking forward to some contracts.

2007-07-10

Comment

8.320

Produce antiterrorist devices. Have signed a big deal with some US corporations. They are looking at a major acquisition, which would probably have to be financed with equity.

2007-07-05

DON'T BUY

7.360

Be a bit careful, because the company has promised a few things in the past and have not delivered.

2007-06-21

TOP PICK

6.770

Product allows detection of roadside bombs and jamming the signal. A lot of orders.

2007-06-20

HOLD

4.980

Broke out last year and had a series of advances. Formed a symmetrical triangle and then broke out to a peak in February. The thing that bothers him is to many press releases, so be cautious. A lot of the news is already into the price.

2007-03-27

HOLD

5.000

Michael Smedley

They invented a jammer that the US Army has started contracting to assess them immobilizing bombs in Iraq.

2007-03-23

Comment

5.000

Chyanne Fickes

A wide variety of security products. Very cheap. High quality management. Not sure if she would enter at this price.

2007-03-12

BUY

5.000

Have a pretty good technology. Their antiterrorist roadside bomb detecting is starting to win some good clients.

2007-03-12

TOP PICK

5.210

(A Top Pick Oct 25/06. Up 12.1%.) Electronic jammers to disarm roadside explosives. Got a good contract with Lockheed Martin.

2007-02-28

TOP PICK

4.240

Makes jammers to foil roadside bombs. By the end of March they should have some insight into further contracts. Just got a $3 million contract from a new client. Earnings are expected to show a loss of two cents in February.

2007-01-25

Comment

3.500

They have electronic counter measures for roadside bombs. Starting to get some traction in regards to contracts. Did a financing. Last quarter was fine, but the 1st quarter was not as good as the market expected. Likes it, but not enough to own it at this point.

2006-12-28

TOP PICK

4.000

Sends signals that detonate roadside bombs. US have $1 billion set aside for technology of this type. This could double earnings.

2006-11-28

BUY

3.900

Have technology on a device that jams the signal that sets off roadside bombs. Has some good upside to it.

2006-11-24

TOP PICK

4.550

Thinks their product will sell very well in 2007. Manufacture electronic jammers to disarm roadside explosives. This is the only device that has met the specifications. Earnings are expected to be $.36 in Sept/07. Cheap.

2006-10-25

BUY

1.490

Make sophisticated radio jamming devices. Hoping that they will get a near term contract. Speculative. A reasonable Risk/Reward on a “Go Up” or “Blow Up” opportunity. Does not rank well in his model.

2005-12-08

WEAK BUY

3.210

Exposed to the security systems, but is having difficulty getting traction. They make interesting devices, particularily electronic jammers that would jam cell phone, garage door devices used to set off bombs. Their core business continues to struggle.

2005-07-21

WEAK BUY

3.700

There are rumours that they are going to win a big contract. If they do, it should do very well but they have to get a more consistant, less lumpy revenue base. Last quarter was not that great. Watching it very carefully.

2005-06-13

WEAK BUY

4.680

Chris Fernyc

A very interesting company given how specialized their equipment is. The biggest problem he has is that it's an unproven business model. Did 2/3 acquisitions in the last 12 months. They were private companies, so can't get financial information on them.

2005-04-14

BUY

4.450

Werner Muehelemann

Likes the stock. Showing good growth. Relatively cheap compared to comparable companies.

2005-03-23

DON'T BUY

4.450

The main reason for the big revenue growth was because of an acquisition made. Fully priced.

2005-02-24

WAIT

5.500

Stock has gone up a lot on expectation, not on earnings. Reporting tomorrow and if good earnings showed up, they would consider.

2005-02-03

WEAK BUY

3.700

Earnings are 0 for Sept '04. Forcast for $0.25 for Sept '05. Made an major acquisition of an Irish firm which wioll have to be absorbed. Challenge is to get substantial contracts in '05.

2004-10-08

BUY

3.500