STAR DATA (STY,T) is an excellent long-term investment opportunity. The company is under-promoted but is in an excellent position to grow.
Current (Oct 10): $3.65/share
Shares: 14M
52-wk hi/lo: $4.20/$3.01
Corporate Profile
Star Data is Canada's leading supplier of ONLINE, REAL-TIME FINANCIAL INFORMATION SYSTEMS AND SOLUTIONS to the financial services industry. Through its electronic publishing division, the Company provides stock market quotations, and corporate and financial news services to the majority of Canada's investment dealers, analysts and institutional investors. Its application services division provides a comprehensive range of administrative, investment and asset management services to the financial services industry. Star Data is based in Markham, Ontario with offices in Vancouver, Calgary, Winnipeg, Toronto, Montreal, Halifax and London, U.K. The company employs more than 400 people and is listed on the Toronto Stock Exchange, UNDER THE SYMBOL STY.
Says G. Alan Hutton, Star Data President and CEO: "We are looking to more than double current revenues of $45 million to $100 million over the next two to three years. For our shareholders, we will strive to deliver a higher than average return on investment by expanding existing markets, capturing new markets and by acquiring complementary businesses."
"We will help our customers meet the needs of their clients via the Internet. Star Data's business is to service and support intermediaries in the financial services industry. We must contribute to our customers' value-add if they, and we, are to succeed and prosper. We are in the early stages of defining and designing services to allow our customers to develop an electronic relationship with their clients through the Internet."
Star Data already provides a wealth of Canadian data, but will be adding global data by the end of calendar year 1996, including a major news services, news research and international equity quotations.
All of the 25 largest financial institutions and over 40 mutual fund companies in Canada are now customers of Star Data.
This company is the sole up-to-the-second provider of equities/commodities information and news to such institutions as CIBC Wood Gundy, TD Securities Inc., The Bank of Nova Scotia, Midland Walwyn Capital Inc., First Marathon Securities, Global Strategy Financial Inc., O'Donnell Investment Management Corporation, just to name some of the bigger ones.
Corporate Headquarters/Contact info:
7030 Woodbine Avenue, Suite 800
Markham, Ontario L3R 1A2
Tel: (905) 479-7827 Fax: (905) 479-8359
e-mail: marketing@stardata.ca
(Disclaimer: most of the information provided here was obtained from financial statements and annual report provided by the company. The poster of this message is only a share-holder and does not hold a position or relationship in the company.) |
