Exfo Electro-Optical Engineering

EXF-T

(Market Call Minute.) A Buy as long as your timeframe is one to one of the half years.

They have been beating their numbers. Incredibly cheap. Trading at low multiples.

An interesting company. Does test and measurement related to fibre optics and cable to the home. Ranks middle of the pack in his database. Earnings are expected to almost triple by their Aug/06 year-end from $0.07 to $0.20 and then $0.29 the following year. A 27 P/E. Not cheap. Positioning itself well.

Cheap. Market hasn't rebounded yet, but expects it to over the next couple of years.

Have just raised some capital to strengthen their balance sheet. Riding on the recovery of communication and telecom spending. Have excellent products.

Has done a pretty good job. Stock price is a little ahead of itself.

There won't be a big capital recovery.

Opticla sector is still in a downturn, so limited needs for optical testing equipment. A good company.

Dropped with fibre optics. Near its bottom. Good margins.

(Was a top pick on Apr 4 down 59%) Sold at $60.

Volatile. Slowdown in semiconductor space has affected prices, but probably at a low and should start moving up.

Haven't been hit in the downturn. Own as a long term.

Meets sales earnings goals.

Not hopeful for their future.

Will be affected by Nortel, etc. but expects demand will still be there.