Q: In the category of Defense equipment companies do you see CAE as a good buy or would Europe be a better place to look? I am not interested in U,S, companies.
Thank you,
Mike
Thank you,
Mike
5i Research Answer:
We would consider CAE to be 'OK' but we really think it should be doing better. Considering valuations and the heightened interest in Europe and increased military spending there, Europe likely offers better hunting grounds within the sector.