Updating Cameco Corp., Mitel Networks and Wyndham Worldwide

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CAMECO CORP. $12.62 (Toronto symbol CCO; TSINetwork Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 396.0 million; Market cap: $5.0 billion; Dividend yield 3.2%) is up 8% on heightened investor interest in it and other depressed uranium stocks. That follows June’s $110 million investment by Hong Kong billionaire Li Ka-shing in uranium explorer and developer NexGen Energy (Toronto symbol NXE). As well, in mid July, RBC Capital upped its rating on Cameco to “outperform.” Nonetheless, while uranium’s long-term outlook is positive, current supply remains much higher than demand. Low oil prices should also keep prices down in the near term and could slow the construction of new reactors. Cameco Corp. is still a hold. MITEL NETWORKS $9.01 (Toronto symbol MNW; TSINetwork Rating: Extra Risk) (613-592-2122; www.mitel. ca; Shares outstanding: 121.6 million; Market cap: $1.1 billion; No dividends paid) makes technology that integrates landlines and mobile phones. It also offers call-centre and videoconferencing products. The company has now completed the acquisition of Toshiba Corporation’s unified communications…