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The developer of immigration processing centres in the US and internationally recently reported a 63% increase in net income with a 15% increase in revenues. Management feels confident to raise guidance on both for the balance of the year. It trades at 19x earnings, 3x book and supports a ROE 19%. Cash reserves are growing as debt is retired and shares bought back. We recommend setting a stop-loss at $26, looking to achieve $37 -- upside potential of 18%. Yield 0%
(Analysts’ price target is $33.75)