November 11, 2020, 1:45 am EST
Want to become a pilot (CAE)?
The best way to become a pilot is to go through a proper training process. CAE Inc (CAE) provides virtual-to-live training solutions for both civil aviation and defense & security. 11/10 earning report highlights are:
- Revenue of $704.7 million up 28% vs. first quarter and down 21% vs. second quarter last year
- EPS of negative $0.02 ($0.13 before specific items(1)) vs. negative $0.42 (negative $0.11 before specific items) in the first quarter and $0.28 ($0.28 before specific items) in the second quarter last year
- Operating profit(2) of $28.2 million vs. operating loss of $110.3 million in the first quarter and operating profit of $124.8 million in the second quarter last year
CAE is in the red-hot aerospace / defense industry. Furthermore, its technical setup looks very bullish after breakout from the cup-with-handle pattern shown below:
Ideal entry point should be during the pullback process around 20-21 level. Sell-stop is about 18.
