Aeroquest International Ltd. (AQL.TO)

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.

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.