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While it wasn't a scene from Jerry Maguire, noted fund manager Robert McWhirter drew analogies from the movie during his June 18th appearance on BNNtv to note it's time to, "show me the money," when asked about AeroMechanical.

Mr. McWhirter said he wouldn't buy the stock until installations of the company's real-time aircraft monitoring and data transmission technology picked up. At last reporting, approximately 100 aircraft were equipped with the afirs technology. Much of what he said was in context of expectations around China.

The president and portfolio manager of Toronto-based Selective Asset Management Inc. added "it is a very good product but one that, unfortunately, where the installations haven't occurred as quickly as ... expected."

His comments follow the upbeat announcement last week that Chinese regulators finally gave approval for AMA to use the satellite bandwidth it requires to use its technology on over 500 Chinese aircraft currently contracted for installations.

His comments also followed Research Capital analyst Jacques Kavafian's update earlier this week that Chinese installations are expected to begin next month and increase dramatically thereafter.

Mr. Kavafian knows the Chinese/AMA story better than any expert in Toronto given his extensive meetings with AMA managers and key players in China, whom he met during a recent research trip there.

It is also important to note that Mr. McWhirter's comments on AMA followed his stated belief that equity markets are about to suffer a sharp correction in the next couple of months.

Posted by Bob Beaty at 2:42 PM 0 comments