TSX:MDA - Post Discussion
Post by
Possibleidiot01 on Dec 30, 2022 4:01pm
John Zechner - BNN - TOP PICK
TOP PICKS: MDA (MDA TSX) Latest purchase $6 – December 2022
MDA is a global leader in orbital robotics and satellite infrastructure/subsystems. It is generating positive free cash flow and trades at an attractive valuation. The recent buyout of industry comparable Maxar, at more than a 100 per cent premium and 12 times operating cash flow, demonstrates the demand for such growth players from private equity. Opportunity continues to exist in the low-Earth orbit (LEO) satellite constellations driven by the demand for internet communications and ‘space data’ from satellites. MDA projects annual revenue growth of over 25 per cent over the next four years as key ‘flagship programs’ roll out, but some delays this year lead to a wave of year-end selling that has, in our view, created a great, long-term buying opportunity.
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