Still owns it. Came down with all tech stocks, and they made a costly acquisition. Also have an e-commerce business with clients like Sobeys; he thinks MDF may sell this and become a pure e-procurement company. He sees upside, because they have valuable businesses they can sell. Shares remain cheap. Growth will resume in the US with a recently acquisition.
(A Top Pick Apr 28/20, Up 137%) They offer e-commerce services for big, complex companies like Sobeys and IGA (vs. Shopify which serves small businesses). They just scored a huge deal with Aldi (https://www.globenewswire.com/news-release/2020/12/14/2144279/0/en/Aldi-signs-agreement-with-mdf-commerce-for-the-implementation-of-Click-Collect-grocery-service.html). MDF also enables supplier to bid on government contracts. They do a lot of M&A in this segment. About 80% of sales are highly recurring, yet the stock trades at only 2.5x sales vs. Shopify's 35x. True, the smaller MDF isn't growing as fast as the bigger Shopify. MDF should be trading much higher. Growth is speeding up as businesses move online.
(A Top Pick Feb 24/20, Up 179%) They just cut a deal with a European food retailer. They are like Shopify. They announced a huge contract. The pandemic has accelerated digital transformation for a lot of retailers. They have a strategic sourcing platform to match suppliers with government contracts. It is at about 2.5 times revenues, so dirt cheap.
MDF Commerce Inc. is a Canadian stock, trading under the symbol MDF-T on the Toronto Stock Exchange (MDF-CT). It is usually referred to as TSX:MDF or MDF-T
In the last year, 4 stock analysts published opinions about MDF-T. 3 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 MDF Commerce Inc..
MDF Commerce Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for MDF Commerce Inc..
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.
4 stock analysts on Stockchase covered MDF Commerce Inc. In the last year. It is a trending stock that is worth watching.
On 2023-06-01, MDF Commerce Inc. (MDF-T) stock closed at a price of $3.3.
eCommerce aggregation business.
Does not own stock.
Growth and profitability not strong enough.
Paying down debt which is good for the company.
High valuation would suggest better names to buy.