Brian D. Pow MBAAeroquest International Ltd.AQL.TOTOP PICKDec 19, 2007
Supply airborne surveys for primarily the mining industry. Has had some very good growth. Recently did an acquisition that expanded their technology from a rotary type business to a fixed wing business. Leading edge technology. Very profitable. Last quarter exceeded his expectations. He is looking for $47 million in sales next year with $.18 in earnings. Trades at about 19X forward earnings.
Primarily services mining companies, but some oil/gas. Just made an acquisition. A little bit rich now on PE at about 20X’s. Has good growth potential a year or two out.