latest comment NBF -cantechletter.com mdf commerce (mdf commerce Stock Quote, Charts, News, Analysts, Financials TSX:MDF)
Rating: Sector Perform
Target Price: $2.00 (previously $3.00)
Projected Return: 18 per cent
Inflationary pressures are likely to impact mdf’s upcoming fiscal first quarter results, Tse said, particularly related to professional fees to support customer implementations, and with a lack of near-term catalysts for mdf from a macro view the focus from an investor point of view will likely point to Periscope, mdf’s big acquisition that has the potential to re-rate the stock upwards, Tse said.
“While we like the plan laid out by Management, whether the Company can successfully execute its plan while concurrently expanding its margin profile on a consistent basis will require some meaningful execution. On that, we think the multiple operating businesses dilutes potential valuation upside,” Tse said.