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Cantech Letter Picks Profile Company #18

Canadian Stock News Cantech

With the sale of Edmonton based  Matrikon (TSX:MTK)  to Honeywell for $4.50 per share, the profiled picks of The Dollarton Cantech Letter now have a second gainer of more than 100% on the books (the first happened when we closed coverage on Aastra (TSX:AAH) with a 242% gain). That’s the good news. The bad news is some perennial drags on the index, such as Intrinsyc (TSX:ICS), Miranda (TSX:MT) and Hemisphere GPS (TSX:HEM) continued to drag a little harder. Nonetheless, this collection of Canadian tech stocks is beating the overall market handily. Cantech picks are up 19.8%, while the TSX as a whole is down 4.8% over the same time frame (September 26th, 2008-July 16th, 2010). To this collection we add one more.

With a market cap approximately half of its trailing four quarter revenues, cash in the bank and no debt, we believe Toronto’s Cyberplex (TSX:CX) represents compelling value.

We give you an updated look at the performance of The Dollarton Cantech Letter, then we break down the numbers of pick #18,  Cyberplex,  in an updated Quant Snapshot.

Dollarton Cantech Letter Profiled Companies Index
September 26, 2008-July 16th, 2010

1. Intrinysc Software: Profile date: September 26, 2008. Price at profile
date: $0.20. Price at July 16, 2010: $0.055 Gain/Loss to date: -72.5%

2. Carmanah Technologies: Profile date: October 6, 2008. Price at profile
date: $0.78. Price at July 16, 2010: $.69 Gain/Loss to date: -11.5%

3. Versatile Systems: Profile date: October 19th, 2008. Price at profile
date: $0.11. Price at July 16, 2010: $ .09 Gain/Loss to date: -18.2%

4. Jemtec Inc. Profile date: October 15th, 2008. Price at profile date:
$0.81. Price at July 16, 2010: $0.70 Gain/Loss to date: -13.6%

5. Tecsys Inc. Profile date: October 27th, 2008. Price at profile date:
$1.20. Price at July 16, 2010: $1.80 Gain/Loss to date: +50%

6. Matrikon Inc. Profile date: November 3rd, 2008. Price at profile date:
$2.10. Price at close coverage date: $4.50 (Matrikon was acquired by Honeywell and subsequently delisted from the TSX on June 30th, 2010) Gain/Loss to date: +114%

7. Sierra Wireless: Profile date: November 10th, 2008. Price at profile
date: $9.50 Price at July 16, 2010: $7.33 Gain/Loss to date: -22.8%

Click on the ad to learn more about Serenic (TSXV:SER) as an investment opportunity.

8. Chartwell Technologies: Profile date: November 17th, 2008. Price at
profile date: $1.55. Price at July 16, 2010: $1.05 Gain/Loss to date:
-32.2%

9. Aastra Technologies: Profile date: November 24th, 2008. Price at
profile date: $8.94. Price at Close Coverage Date (June 4, 2009): $30.58
Gain/Loss: +242%

10. Serenic Corp: Profile date: December 1st, 2008. Price at profile date:
$0.245. Price at July 16, 2010: $0.41 Gain/Loss to date: +67.3%.

11. Glentel Inc. Profile date: January 5, 2009. Price at profile date:
$8.75. Price at July 16, 2010: $15.99 Gain/Loss to date: +82.7%

12. Miranda Technologies Inc. Profile date: January 19th, 2009. Price at
profile date: $6.99. Price at July 16, 2010: $4.86 Gain/Loss to date:
-30.5%

13. RDM Corp: Profile date: February 2, 2008. Price at profile date:
$0.75. Price at July 16, 2010: $.92 Gain/Loss to date: +22.7%

14. Hemisphere GPS: Profile date: May 8, 2009. Price at profile date:
$1.22. Price at July 16, 2010: $.73 Gain/Loss to date: -40.2%

15. International Datacasting: Profile Date: August 28, 2009. Price at
profile date:
0.265. Price at July 16, 2010: .26 Gain/Loss to date: -1.9%

16. Biorem: Profile Date: February 4th, 2010. Price at profile date: .68. Price at July 16, 2010: $.55 Gain/Loss to date: -19.1%

17. International Road Dynamics: Profile Date: Febraury 26th, 2010. Price at Profile Date: $.87. Price at July 16, 2010: $.77 Gain/Loss to Date: -11.5%

Quant Snapshot: Cyberplex (TSX:CX)

1. Price to Sales: .50.6%

As of Friday, July 16 Cyberplex had 72.64 million shares outstanding. The price, as of the same date, was $.63. This gave The Company a market capitalization of $45.7 million. In the trailing four quarters Cyberplex posted sales of $90.53 million.

2. Cash to Market Cap: 34%

As of Q1 2010 (ended March 31, 2010) Cyberplex had a Cash and Short Term Investments position of $15.56 million. The Company’s Market Capitalization, as of Friday, June 25th was $45.7 million.

3. Debt to Market Cap: Zero

As of Q1 2010 (ended March 31, 2010) Cyberplex had a Long Term Debt position of zero.

4. Three Year Growth: 182.6%

Cyberplex posted revenue of $5.33 million in 2006. This grew to $110.41 million in FY 2009.

5. Enterprise Value to Sales: .33 x Sales

Cyberplex’s Enterprise Value is $30.14 million, based on a market capitalization of $45.7 million, plus Long Term Debt of zero minus Cash and Short Term Investments of $15.56 million.

All financial information about Cyberplex is gleaned from

their filings with the System for Electronic Document Analysis and

Retrieval (SEDAR)

All calculations are based on The Company’s closing share price as of

close July 16th, 2010: $.63

Sales from trailing four quarters: $90.53 million

Cash and Short Term Investments as of March 31st, 2010: $15.56 million

Shares outstanding: 72,646,468 million

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About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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