Magellan should have a very good year aheadMagellan Aerospace has proven to be steadily run during the pandemic partly thanks to its top-tier customers it manufactures for. But next year as interest rates climb, Magellan should be in good shape given that this company hardly has any debt. As demand for aerospace technology and part continue to rise Magellan is well-placed as a company worth buying. Most of the shares are owned by a single shareholder so that fact reduces volatility and increases the likelihood of an eventual buyout. It is obvious that demand for aerospace manufacturing will continue to rise for the next few post-pandemic years, and Magellan has clearly formed a solid bottom. This stock price is a great entry into a company with solid potential ahead.
Interest rates will rise. I am looking for companys with nominal debt like this one.