MDA Space Ltd. (MDA.TO)

A lot more volatile than he expected, but you have to live with that. Two acquisitions really broadened its scope. Still likes it, should continue higher.

Generally trending upward since it bottomed out in November. Big runup ahead of the SpaceX IPO. Recently starting to break down. Key level has been $45; if it holds there, that's encouraging. If not, then it's shifting into more of a correction.

An aggressive, risky play. Has a recent uptrend, but is dipping. If it doesn't bounce above the current price soon, exit this. The uptrend shows pretty big swings.

His team doesn't chase companies that hit rough waters. Project-based businesses are not the kind they tend to own. If you're down modestly, take the capital loss, apply it against your gains, and just drive on. Even if it's in a registered account (there are better uses for your capital).

Space is a hot market now and the stock is doing well. Investors are looking for the long term with this. This will be volatile.

Is indifferent to it. The trend is strong with a $60-65 analyst target with upgrades in recent years. This seems to have legs.

He expects growth to continue. Lifespan of these satellites is quite short before they start to deteriorate. Lots of ups and downs. Still reasonable valuation. Cheaper, safer way to play the sector than via SpaceX. Good, long-term story.

They won't benefit from the SpaceX IPO, which will give them more competition. MDA is profitable but too expensive at a 40x PE. Is very capital intensive. Too much hype.

Money's coming in on the trade, but what happens if that goes away?

Space industry is in early days. Prone to some disappointments. Likes it. Risk is giant IPO from SpaceX and euphoria around the group. About 20 space ETFs have launched, and they'll all need to fill positions, so demand is probably pretty strong. No problem owning as a proxy on the group.

US space companies have high growth, but not the best balance sheets and have high PEs. MDA trades cheaper and has great growth. Has a good balance sheet and is profitable. Good momentum. Will benefit from the SpaceX fervor.

Stronger-than-expected sales and operating profit, reticent to increase guidance. Space economy is big and growing secularly. Cranked up low-orbit satellite production last year, along with product innovation. Some concern on deal with Globalstar, but doesn't look as though it will have to write down the contract.