Related posts
Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)Last week, the Telesat deal surprised everyone. Nobody saw it coming. MDA developed a technology that really dropped the costs, so they were able to raise the financing. That deal was a feather in the cap, but MDA's demand will grow anyway. He likes the story and is hanging on, not selling any shares.
EPS of 8c mostly matched estimates (8.2c); revenue of $196M was 1% better than expected. EBITDA of $40.4M was 11.5% better. Results were good, and guidance was raised. MDA also won a very large contract which adds significantly to earnings/revenue visibility. The stock has had a very big run; at 28X earnings it cannot be called cheap, but we think momentum can continue. We can't comment on position size but think it is buyable for aggressive investors, though we would not expect the same pace as recent gains.
Unlock Premium - Try 5i Free
He's been buying this all along. It bottomed at $6 and is now around $8.50. They're like the arms dealer in the old space race--making components in satellites. They're very well positioned. Are generating cash flow and raised full-year guidance. Delivered a good beat last quarter. Their valuation will expand. Satellites will continue to launch so there will be demand.
Arms dealers of the space race. So well positioned, great growth profile. 20% annualized growth rate. In a growth area, and these guys make the nuts and bolts. Decent valuation, positive free cashflow. No dividend.
(Analysts’ price target is $10.50)Still likes it despite the disappointment. Haven't missed numbers. They're still expecting 25% cashflow growth over the next 3-4 years. Potential for takeout.
MDA Ltd. is a Canadian stock, trading under the symbol MDA-T on the Toronto Stock Exchange (MDA-CT). It is usually referred to as TSX:MDA or MDA-T
In the last year, 5 stock analysts published opinions about MDA-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MDA Ltd..
MDA Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for MDA Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered MDA Ltd. In the last year. It is a trending stock that is worth watching.
On 2023-12-08, MDA Ltd. (MDA-T) stock closed at a price of $11.51.
The Telesat contract really kicked them up. (Telsat contracted MDA for a major project.) MDA was able to lower the costs which allowed Telesat to raise financing for their project. Happy to continue owning this.