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.

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.