Magellan Aerospace Corp T.MAL

Alternate Symbol(s): MALJF

Industrials Aerospace & Defense

Magellan Aerospace Corporation is a Canada-based global enterprise company, which is engaged in providing integrated products to the aerospace industry worldwide. The Company designs, engineers and manufactures aeroengine and aerostructure components for aerospace markets, including advanced products for defense and space markets, and complementary specialty products. The Company operates through Aerospace segment, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. The Company’s products include Engine Cold Section, Engine Hot Section, Engine Shafts, Specialty Materials, Black Brant, RATO Booster Motors, CRV7 Rocket Weapon System, Small Satellite Bus Platforms, Avionics, Manufactured Components and Assemblies and Wire Strike Protection System (WSPS). The Company also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services.

TSX:MAL - Post by User

Magellan Aerospace Corp > Shares buy back

<< Previous

Bullboard Posts

Next >>

Comment by Bookendson Jul 31, 2020 11:20am

150 Views

Post# 31349850

RE:RE:RE:Shares buy back

Nice catch, it's been trailing down since you post, but you've got it with a good margin of safety... What have you been buying this last while?

challenger426 wrote: Absolutely, great to see the rally. I'm so glad I bought MAL just under $6 and will probably hold it until it gets back into the last 5 years trading range between $13 and $20 per share before the Covid-19 pandemic hit. The book value for MAL is $14.70/share and at $6 was a no brainer so the company decided to buy back shares.

Decent numbers:

Annual SalesC$985.15 million

Price / Sales0.49

Cash FlowC$0.75 per share

Price / Cash Flow11.11

Book ValueC$14.70 per share

Price / Book0.56

Price-To-Earnings

Trailing P/E Ratio7.20

Forward P/E Ratio11.22

P/E Growth0.83