Adacel Technologies specialises in information technology for the aviation, telecomunications and defence sectors. It is the worlds leading supplier of air traffic control training simulators. In March 02, ADA was awarded three large contracts (2 with the US Air Force and 1 with the Canadian Armed Forces). This news saw the stock hit $1.21. Recent tax selling has brought the stock back to bargin levels of around 80c. It is presently trading at a P/E of 7 x 2003 earnings. Full year 03 profit is forecast at 7 million. FY03 EPS is 13cps. Analysts value the stock at around $1.36. ADA haven't lost a tender in two years, and more large contracts are in the pipeline for FY03. Do some research. This stock will fly in FY03. Strong buy.
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