Ian J. Giffen is a director at Absolute Software Corp. (TSX:ABT, Financial), which he joined in 2008. He previously served as vice president at Alias Research Inc. as well as an advisor for several private venture investment funds. Giffen holds a degree in business administration from the University of Strathclyde in Glasgow.
In two purchases during December 2015, Giffen purchased 10,000 shares in Absolute Software Corp.
Absolute Software provides security and data risk management solutions for computers, tablets, and smartphones. The company operates with the understanding that data is a company's most valuable asset.
Absolute Software has a market cap of $296.85 million, a P/E ratio of 47.80, an enterprise value of $217.52 million and a dividend yield of 3.28.
Below is a Peter Lynch chart for Absolute Software Corp.
According to GuruFocus, Absolute Software has a financial strength rating of 8/10 and no debt, which is a great sign for investors. The company also has a dividend yield that is close to a 10-year high and a Piotroski F-Score rating of 7, which indicates a healthy financial situation.
I believe that Griffin is making a good investment with his fourth quarter purchases in Absolute Software.
Disclaimer: Author does not currently hold any shares in this stock.
Cheers to your investment success.
