MDA Ltd. (MDA-T)

They lost a big contract last week, but this is an isolated incident (to be confirmed). The company they lost the contact to had lost their spectrum to SpaceX over regulatory reasons. The rest of MDA's business is intact and should not be negatively impacted. The huge backlog from other clients should make up the lost capacity, though may see less business from the U.S. MDA should be fine going forward.

They lost the Echo Star contract and shares plunged 25%. Was trading at 39x PE and now at 33x. Is cheap now and will recover their growth.

One of the themes he's focused on is space, a long-term secular trend. Space economy is in very early stages, and will go on for a long time. This one is fully exposed to that economy. Three basic verticals:  robotics and space operations, low-orbiting satellite systems for Wi-Fi via satellite (best-known right now, huge backlog), geo-intelligence (defense). 

Leader in the group. Clean balance sheet. Interesting strategic acquisitions. Growth stock. No dividend.

The costs of space are coming way down and MDA is getting more and bigger contracts for more components. The backlog continues to grow. It executes well on its numbers. Space is an area to grow. It expands as prices come down which expands the whole market.      Buy 6 Hold 1 Sell 0

Growth is there, 3 big contracts (1 Canadian, 2 US). Bright future, but it's priced in. If it's 5% of your portfolio, hold on and enjoy the ride. If you're way overweight, definitely trim some.

Despite growth profile, people were worried about its debt. Then it demonstrated its cost-saving abilities to one company and just took off. No longer undiscovered. 

Really feeds into growth in the satellite business and space-based Wi-Fi. Lots of opportunity for growth in competition to Starlink. Run up. Better than 93% of companies in the S&P over last 52 weeks, so he wouldn't bet on a significant pullback. Still room to run.

Exciting prospects. Cost of space has dropped so much it really opens up the market. That sector will have very strong tailwinds over the next several decades. Around for 55 years. Leader in space; satellites, sensors, components, Canadarm. Huge backlog. Great topline and bottom line growth. No dividend.

Last month, price, volume, relative strength were all pointing to a breakout to new highs, and now we see that. But a broad corrective phase is coming in 6-8 weeks. But you can start a position now, then add on weakness. Really likes the chart.

Friday saw NASA cut funding for a lot of space programs, significant impact on MDA. On his radar. Really impressive contract wins, revenue growing pretty quickly, sector's been hot. He's invested in companies that depend on government and has been burned before. Be careful.

At the time, there were huge announcements coming, and there was a huge order backlog. Is the only pure-play space tech stock in the world. The space economy is booming and they are perfectly positioned. Are famous for their robotics (Canadarm). The backlog has jumped from $3 billion to $5 billion, and recently raised guidance by 40% revenue and EBITDA growth. Trades at a discount to its US peers. 

Very successful. On his farm team. Has been incredibly resilient going through this downturn. Has a deal with AAPL. Talk of a merger in US would require financing; if markets are a bit better, he'd probably participate.