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Magellan Aerospace Corp T.MAL

Alternate Symbol(s):  MALJF

Industrials Aerospace & Defense
Magellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. The Company designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. The Company operates the through Aerospace segment, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. Its products include Engine Cold Section, Engine Hot Section, Engine Shafts, Black Brant, RATO Booster Motors, CRV7 Rocket Weapon System, Small Satellite Bus Platforms, and Manufactured Components and Assemblies, among others. The Company provides supply chain integration by combining core capabilities with global supply chain expertise.


TSX:MAL - Post by User

Magellan Aerospace Corp
Bullboard Posts
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Post by OstrichINVon Apr 07, 2020 3:40pm
212 Views
Post# 30887818

Magellan looks attractive despite aerospace uncertainty

Magellan looks attractive despite aerospace uncertaintyPosted a video (link) below with thoughts and key considerations for investors.

I like the story here and have initiated a position.  Magellan ran into debt trouble back in 2008 but has since cleaned up its balance sheet and has essentially no net debt.  While I do believe aerospace could be a laggard in COVID recovery (multi year potentially), the shares are trading at EV/EBITDA of less than 3x and P/E of 5x (granted all 2019 figures) and the balance sheet strength should allow Magellan to weather the storm.

Could be 2x - 3x returns on the other side of this, but you might need a multi year time horizon in my view.  Link to full thoughts below.

https://ostrichinvesting.com/buy-aerospace-stock-during-covid-analysis-of-magellan-aerospace-mal-to-investment-research/


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