The next stock on my list is Glentel Inc. This is another telecom company, with a strong retail presence. The company sells phones and cell phones through T Booth, Wireless etc and Wireless Wave stores, positioned in retail malls. It has another business line, designing and commissioning wireless networks for business customers. However, the main sales are from the retail business line.
The financials of the company are:
Y.E 2009:
Sales: $308.093 mm
Net Profit: $ 15.952 mm
Shares outstanding:
EPS: $ 1.45
Dividends: $ 0.39
What I like about this company:
1. Stable profits
2. Strong balance sheet
3. Cash balance of $32mm
4. P/E just over 10 times trailing earnings
5. Dividend yield of 2.6%
The one concern that I have is that I can't see any catalyst to price growth. This looks like a retail stock in the telecom industry rather than a technology play.
Till the company comes up with a growth catalyst or the price corrects to around $10.00, I will not bother with buying this.
Thursday, March 25, 2010
Tuesday, March 23, 2010
Aastra Technologies Ltd (AAH.TO)
I am starting my journey as a Canadian stock analyst with Aastra Tech. The company operated in telecom equipment as a designer and manufacturer, including VOIP equipment. The company acquired the Enterprise communication equipment business from Ericsson in 2008.
This is a company with an interesting set of financials:
Y.E. 2009
Sales: $833.897mm
Net Profit: $44.611mm
Shares outstanding: 13.85mm
EPS (TTM): $3.20
Dividend: @0.80
What I like about this company:
1. A steady growth in profitability
2. Cash balance of $113.596mm
3. Virtually no long term debt (3.802mm)
4. P/E close to 10 times earning
5. At current price, the dividend yield is 2.50%
The one blip (if it can be called that) is intangible assets worth $51.460mm, which could relate to the acquisition of the business from Ericsson (I need to verify this and will confirm this fact once the audited financial statements are released.)
Trading strategy:
I will prefer to watch this company for a while; if the price drops below $30, then it is a good entry point and provides a good upside to it's 52 week high of $35.00
Regards.
Interesting price movement in the company this week ... I started tracking this company was $31 and change and now is $32.25 ... great movement and $3.50 below it's 53 week high (about 10%). Certainly not looking to buy in at this level.
This is a company with an interesting set of financials:
Y.E. 2009
Sales: $833.897mm
Net Profit: $44.611mm
Shares outstanding: 13.85mm
EPS (TTM): $3.20
Dividend: @0.80
What I like about this company:
1. A steady growth in profitability
2. Cash balance of $113.596mm
3. Virtually no long term debt (3.802mm)
4. P/E close to 10 times earning
5. At current price, the dividend yield is 2.50%
The one blip (if it can be called that) is intangible assets worth $51.460mm, which could relate to the acquisition of the business from Ericsson (I need to verify this and will confirm this fact once the audited financial statements are released.)
Trading strategy:
I will prefer to watch this company for a while; if the price drops below $30, then it is a good entry point and provides a good upside to it's 52 week high of $35.00
Regards.
Interesting price movement in the company this week ... I started tracking this company was $31 and change and now is $32.25 ... great movement and $3.50 below it's 53 week high (about 10%). Certainly not looking to buy in at this level.
Screen resutls March 21st
The screen has thrown up the following results:
Symbol Company Name
AAH Aastra Technologies Limited
GIB.A CGI Group Inc.
GLN Glentel Inc.
IMN Inmet Mining Corporation
MSD Mosaid Technologies Inc.
OGD Orbit Garant Drilling Inc.
TCK.A Teck Resources Limited
VNP 5N Plus Inc.
CS Capstone Mining Corp.
CLS Celestica Inc.
GVC Glacier Media Inc.
MGA Mega Uranium Ltd.
OGC OceanaGold Corporation
ORV Orvana Minerals Corp.
SCP Sprott Resource Corp.
WDO Wesdome Gold Mines Ltd.
WTN Western Coal Corp.
Out of these, I plan to follow the following stocks:
Symbol Company Name
AAH Aastra Technologies Limited
GIB.A CGI Group Inc.
GLN Glentel Inc.
IMN Inmet Mining Corporation
MSD Mosaid Technologies Inc.
OGD Orbit Garant Drilling Inc.
TCK.A Teck Resources Limited
I will rely on published financial statements and some external research to start me off on this journey and will reduce my reliance on the external research as I get familiar with these stocks. I will also be analyzing the charts to identify possible entry and exit points.
Regards.
Symbol Company Name
AAH Aastra Technologies Limited
GIB.A CGI Group Inc.
GLN Glentel Inc.
IMN Inmet Mining Corporation
MSD Mosaid Technologies Inc.
OGD Orbit Garant Drilling Inc.
TCK.A Teck Resources Limited
VNP 5N Plus Inc.
CS Capstone Mining Corp.
CLS Celestica Inc.
GVC Glacier Media Inc.
MGA Mega Uranium Ltd.
OGC OceanaGold Corporation
ORV Orvana Minerals Corp.
SCP Sprott Resource Corp.
WDO Wesdome Gold Mines Ltd.
WTN Western Coal Corp.
Out of these, I plan to follow the following stocks:
Symbol Company Name
AAH Aastra Technologies Limited
GIB.A CGI Group Inc.
GLN Glentel Inc.
IMN Inmet Mining Corporation
MSD Mosaid Technologies Inc.
OGD Orbit Garant Drilling Inc.
TCK.A Teck Resources Limited
I will rely on published financial statements and some external research to start me off on this journey and will reduce my reliance on the external research as I get familiar with these stocks. I will also be analyzing the charts to identify possible entry and exit points.
Regards.
Monday, March 22, 2010
Background to my writings
I am starting this blog to keep my analytical skills fresh ... I have been a stock analyst and equity trader in the past and miss the intellectual challenge and satisfaction that is provided by successfully identifying growth stocks and seeing them move up.
I have decided to focus on the following:
1. Canadian listed stocks
2. Market caps between $100MM and $5,000MM
3. P/E between 1 and 12
4. Companies in the technology and mining sectors.
I will be running this screen each weekend on the TSX website and identifying stock picks from the list thrown up by the screen. These are arbitrary factors, but my intent is to identify stocks of a reasonable size that are priced at or more than 8X earnings. I will look at published data and other analyst research (at least initially, till I gain familiarity with the stocks) and share my research and trading experience with the readers.
I am really excited to have started this blog and plan to be a regular writer here.
What do I hope to gain from this? Personal satisfaction for one, keeping my skills updated for another, and the opportunity to share my ideas with the world at large.
Regards,
Ajay.
P.S.
I am considering changing the screen to stop at market cap of $1,000MM as the larger stocks are adequately followed and have adequate research coverage.
I have decided to focus on the following:
1. Canadian listed stocks
2. Market caps between $100MM and $5,000MM
3. P/E between 1 and 12
4. Companies in the technology and mining sectors.
I will be running this screen each weekend on the TSX website and identifying stock picks from the list thrown up by the screen. These are arbitrary factors, but my intent is to identify stocks of a reasonable size that are priced at or more than 8X earnings. I will look at published data and other analyst research (at least initially, till I gain familiarity with the stocks) and share my research and trading experience with the readers.
I am really excited to have started this blog and plan to be a regular writer here.
What do I hope to gain from this? Personal satisfaction for one, keeping my skills updated for another, and the opportunity to share my ideas with the world at large.
Regards,
Ajay.
P.S.
I am considering changing the screen to stop at market cap of $1,000MM as the larger stocks are adequately followed and have adequate research coverage.
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