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Magellan Aerospace Corp T.MAL

Alternate Symbol(s):  MALJF

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

Comment by faraway1on Apr 22, 2024 2:22pm
134 Views
Post# 36001765

RE:RE:RE:RE:RE:Outlook

RE:RE:RE:RE:RE:OutlookI don't see any signs that the stock price is being curtailed. Rather, this is a typical "value trap" where the outlook appears strong and the balance sheet is solid. BUT:

 -the Board and Management do little to keep investors engaged;

 -the company is unlikely to require funding and hence, analyst coverage is limited;

 -the float is small so there is almost no liqiidity;

 -with the exception of Edwards and Moeller, the board and management own very few shares, In fact, the CEO owns only 1900 shares!

 -the company is so diversified that it would appear unlikely that any single acquirer would be interested in making a bid; and

 -we continue to hear of "supply chain issues" when most other companies have progessed through those problems.

I suggest that the one hope here is the dividend. Historically, the board has been responsive to changes in the outlook (both up and down) to adjust the dividend. Hopefully, with the improving outlook and possibly improving earnings, the board will see fit to raise the dividend.

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