Post by
northcoast on Jan 28, 2021 3:35pm
Magellan observation from last quarter's reportn Q3 2020
On November 10, 2020 MAL posted their Q3 earnings. (It can be found in a posting below if you scroll down). Despite a poor earnings (due to Coronavirus) the stock price immediately went from about $7.26/share (CDN) to $10.70 in the month following that Quarterly report. We can see all of the measures Magellan has taken to soften the temporary damage from the virus, and now with an expanded business and new orders from Raytheon and also Airbus' helicopter business in France, Magellan's next Quarterly report due in February should be interesting. The vaccination roll-out signals the end of the damage in 2021, and it is possible that Magellan's share price might leap up again in February. If anyone has any comments on that I would like to see it.