With Aastra acquisition done, Cormark’s Tse upgrades Mitel to Top Pick

Mitel CEO Rich Mcbee. Cormark analyst Richard Tse says the market has been pricing both Mitel and Aastra as legacy plays for a number of years and has ignored their considerable moves to the cloud.

Cormark analyst Richard Tse says the potential synergies presented by Mitel (TSX:MNW) on its acquisition of Aastra Technologies seem conservative to him. The upside he sees has prompted him to rerate the stock as a “Top Pick”. Last Friday, Mitel announced it had completed the acquisition of peer Aastra for approximately $392-million. Concord, Ontario-based Aastra [...]

Following Aastra acquisition, Cormark raises target on Mitel to $9.00

Mitel CEO McBee: "The business communications market is ripe for consolidation and on the cusp of a mass migration to cloud-based services."

Mitel’s (TSX:MNW) acquisition of Aastra makes a lot of sense and is a good deal for shareholders of both companies, says Cormark analyst Richard Tse. This morning, Mitel and Aastra announced they had entered into a definitive arrangement agreed upon unanimously by both boards, under which Mitel will acquire all of the outstanding Aastra common [...]

Here are the 12 Canadian tech stocks that pay a dividend

Absolute Software CEO John Livingston. Many of the Canadian technology stocks that pay their shareholders a dividend have also tacked on share price gains, including Absolute.

The question has been a hot topic of late, particularly because of tech-giant Apple, which is wondering what to do with the mountains of cash it has made selling iPhones across the globe. Should the company buy back its own shares? Reinvest into new technologies? Invest the money itself? Most investors will answer “None of [...]

Aastra Technologies has value and catalysts, says Curvature’s James Hodgins

James Hodgins, Chief Investment Officer with Curvature Hedge Strategies, says Aastra Technologies, which recently launched a strategic review, is a candidate to go private. He says such a transaction could result in a price of more than $30 for shareholders. Aastra is currently trading under $20.

Hedge fund manager James Hodgins says investors should be looking at Aastra Technologies (TSX:AAH). Hodgins, Chief Investment Officer with Curvature Hedge Strategies, was on BNN’s Market Call with Host Mark Bunting yesterday to talk about small and midcap stocks. Hodgins says he believes investor sentiment has become overly bullish of late. He says margin debt [...]

Canada’s 10 Most Profitable Tech Stocks: March 2013 Edition

Macdonald Dettwiler made a splash last year with the acquisitions of Space Systems/Loral, a company larger than MDA itself. Dan Friedmann, Macdonald Dettwiler's president and CEO said the transaction, which essentially doubled the size of his company, was “game changing”.

For years, we have been hoping for, if not predicting, a resurgence of technology in the Canadian public markets. In 2012, we had that wish fulfilled, at least in part. The technology sector was the top performer of all sectors on the Toronto Stock Exchange. The story of 2012, at least for the first half [...]

Eleven Canadian Tech Stocks with Buckets of Cash

After returning to Canada with a TSX listing this past summer, share of Ottawa-based Mitel have not performed well, but the company's cash position remains strong.

“Profit is like food, but cash is like oxygen.” This analogy, attributed to a long-forgotten Silicon Valley exec named Robert C. Wilson, has been repeated for decades by those with an eye for a margin of safety in their investments. Today, tech companies like Apple and Cisco have unprecedented levels of cash in the bank. [...]

Facebook IPO Spotlights US Tech, but Canadian Techs are More Profitable

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Social media juggernaut Facebook today filed its IPO papers. The offering, which will be underwritten by Morgan Stanley, JPMorgan Chase and Goldman Sachs, amongst others, will value the company at nearly $100 billion, making it the largest internet IPO ever. The company’s form S-1 registration reveals, predictably, that revenue and profit have been climbing for [...]

Is Aastra Technologies Canada’s most undervalued tech stock?

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Considering its financial position, Aastra Technologies (TSX:AAH) is an extremely volatile stock. The stock traded above $40 in 2007, below $8 in 2008, above $36 in 2010, and has now come all the way back down to $13 in 2011. One might expect this kind of stock price volatility for a heavily-levered company with a [...]

Canada’s Seven Most Profitable Tech Stocks

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For years now, soaring resource prices have meant that anyone pulling most anything out of the ground has done so profitably. Company’s like Calgary Agrium (TSX:AGU), which produces potash and Toronto’s Inmet (TSX:IMN), which has copper interests around the world, are among the most profitable concerns in the country. While technology stocks, outside of Research [...]

Cantech Letter Model Portfolio up 18%

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On September 26th, 2008 Cantech Letter began profiling Canadian technology stocks in a now regular feature we call Quant Snapshots. Quant Snapshots give our readers the ability to easily compare stocks in terms of basic value metrics such as price to sales and cash to market capitalization. During that time we began to gather those [...]