OTCPK:MAGTF - Post by User
Comment by
TimeScapeon Aug 25, 2021 3:46pm
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Post# 33762342
RE:Who's in for this ride?
RE:Who's in for this ride? It's a fascinating business. I was impressed with the growth they showed in the recent quarterly earnings report, and I expect they should show very good growth in the future. Would like to add to my portfolio, but the stock is extremely expensive. Looking at their projections for the year, it's trading at around 25 times sales, 130 times EBITDA, and based on their net income in the most recent quarter, about 300 times earnings. I would add on a pull back, but who knows if we are going to get one.
Great to see so many interesting and successful tech companies going public in Canada. Jason Donville says we may get to 40% of the TSX Index being tech within about 10 years.