Bridgewater shows better Q2 results, hits 52-week high

Bridgewater Systems (T.BWC) hit a new 52-week high of $7.02; Bridgewater Systems announced its financial results for the three and six months ended June 30, 2009. Highlights included Q2 2009 revenue of $16.1 million, compared with $11.8 million for the same period last year, representing an increase of 37%.

Q2 gross margin was $12.1 million (75% of revenue) versus $9.5 million (81% of revenue) in Q2 2008. Net earnings for the three months ended June 30, 2009 were $4.1 million, or $0.17 per share fully diluted, compared to $1.3 million, or $0.05 per share fully diluted, in the prior-year period.

Net earnings for the first half of 2009 increased to $7.0 million, or $0.29 per share fully diluted, compared with $0.6 million, or $0.02 per share fully diluted, for the same period in 2008.

Genworth MI Canada (T.MIC) hit a new 52-week high of $19.45; no major news announcements today

Alimentation Couche-Tard (T.ATD.B) hit a new 52-week high of $17.16; no major news announcements today

Cash Store Financial Services (T.CSF) hit a new 52-week high of $8.65; no major news announcements today

Glentel Inc. (T.GLN) hit a new 52-week high of $12.49; no major news announcements today

Athabasca Potash (T.API) hit a new 52-week high of $6.47; no major news announcements today

AltaGas Utility Group (T.AUI) hit a new 52-week high of $6.83; no major news announcements today

West Timmins Mining (T.WTM) hit a new 52-week high of $2.09; no major news announcements today



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