Maxar Technologies (MAXR.TO) Buy, Sell or Hold

Maxar Technologies (MAXR.TO)

70.54

-0.34 (0.48%)

as of May 8, 2023, 7:59:55 pm Market Open.

145 watching

PARTIAL SELL

Knows little about it, but it had a meltdown last year, then came back recently. You can take some profits, if you held it long enough.

DON'T BUY

There are companies with a chart that is bottom left to upper right so why buy this one. It does not match his criteria and he is not sure they are a quality name.

WAIT

Time to buy? A stock that had terrible debt over the past couple of years. Over the past year, valuation metrics are expensive. The Q4 rally may be a sign it has outrun its performance. He needs to see earnings play catch up. This would be neutral at best.

DON'T BUY

He does not even know what it is any more. It is very tightly linked to government contracts in the states. He prefers others.

HOLD

Back in mid-December he saw a perfect setup and he bought at $14.60. They sold a Canadian subsidiary and the share price has gone ballistic since. Back in the PM Harper days, the Chinese wanted to buy this and so hit has held international interest for years. They are restructuring the balance sheet and this could become a takeover target.

WAIT

It was more of a contrarian play a few months ago. A hugely successful satellite company. They have a huge debt load. The value could double or quadruple from here. So when their satellite company imploded, they were able to get insurance and that should have been the signal to him to get in.

BUY

He saw a break out through a long running consolidation. "The longer the base, the better the case", he says. He would be interested in owing this himself.

PAST TOP PICK

(A Top Pick Dec 28/18, Down 37%) One of their satellites crashed earlier this year. The acquisition of Digital Globe, that made sense, is a growth area. However, the acquisition was 3B and they are building a satellite system, it wasn't able to pay down the debt. The balance sheet is bad and there hasn't been returns but he still believes in it.

TOP PICK

It's down but trades at 4 times earnings. He met with management recently and they are launching the satellite network. Using the mix of software analytics and hardware will be a growth area. They are well positioned with a reasonable valuation.

DON'T BUY

A turnaround story. They carry a lot of debt after a bad acquisition, so be careful here. You need to have a strong stomach to buy this. Avoid it and look elsewhere.

DON'T BUY

He had shorted it, but it's fallen too far, too fast to become a dangerous short. It's still not cheap according to cash flow. They are selling assets to correct the balance sheet. Volatile and over-leveraged. Avoid.

DON'T BUY

She is not a buyer. Their earnings visibility is very low and the business dynamics are changing.

TOP PICK

Looks very risky. But there's a head and shoulders reversal. Good support now, possible takeoff point to $13.80, which is his short-term target. Exit point is $8.20. Yield is 0.52%. (Analysts’ price target is $10.48)

DON'T BUY

They announced a major contract with NASA this week. This will stem the declining backlog for them. He would not add this to his holdings as thee debt load is way too high.

WATCH

He does not know the company well. From a chart prospective, it is bad until February but seems to have been building a base since. You need a catalyst in order to catch a bottom. You need some fundamental good news. You will need a significant break out before saying it is a turnaround situation.

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Maxar Technologies (MAXR.TO)