Topic: Growth Stocks

AASTRA TECHNOLOGIES $21.70 – Toronto symbol AAH

AASTRA TECHNOLOGIES $21.70 (Toronto symbol AAH; TSINetwork Rating: Speculative) (905- 760-4200; www.aastra.com; Shares outstanding: 14.0 million; Market cap: $303.8 million; Dividend yield: 3.7%) has completed its Dutch auction process, and has repurchased 2.17 million of its common shares at a cost of $23 each, for a total of $49.9 million.

In all, the company bought back roughly 15.5% its shares outstanding. Share buybacks raise earnings per share and other per-share calculations, and give the remaining shareholders a larger stake in the company.

Aastra is still a buy for aggressive investors.

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