Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, March 30, 2012

Article Excerpt

PLEASE NOTE: Our next Hotline will go out on Thursday, April 5, 2012. AASTRA TECHNOLOGIES, $21.50, symbol AAH on Toronto, is buying back up to $50 million worth of its 14.0 million outstanding common shares through a Dutch auction process. Aastra develops and markets products and systems for accessing communication networks, including the Internet. Its technology is centred around business telephone systems, and includes products that integrate land lines and mobile phones. Under the Dutch auction buyback plan, shareholders who want to sell their Aastra shares must offer them for between $21 and $23 a share by April 10, 2012. The final price will be the lowest amount within that range at which Aastra can buy $50 million of its shares. Aastra will then pay that price for all shares tendered at or below it. If you tender at a higher price, Aastra will return your shares. The transactions are commission-free. We still like Aastra’s long-term outlook. However, if you are thinking about selling,…