We made MITEL NETWORKS $11.29 (Toronto symbol MNW; TSINetwork Rating: Extra Risk) (613-592-2122; www.mitel.ca; Shares outstanding: 120.0 million; Market cap: $1.4 billion; No dividends paid) a buy in our June 2014 issue at $12.03 after it took over Aastra Technologies, a Stock Picker Digest recommendation, at a big premium. Mitel shares reached as high as $14 earlier this year.
Mitel is still a buy.