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.