Firan Technology Group Corp T.FTG

Alternate Symbol(s): FTGFF

Technology

Firan Technology Group Corporation is a Canada-based aerospace and defense electronics product and subsystem supplier to customers around the globe. The Company has two operating units: FTG Circuits and FTG Aerospace. FTG Circuits is a manufacturer of printed circuit boards within the global marketplace. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill Massachusetts and a joint venture in Tianjin, China. FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and electronic assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, and Tianjin, China. FTG Circuits products include high temperature rigid flex, rigid flex and assembly, and thermal management. FTG Aerospace products include aerospace chassis and assembly, backlit control panels, and backlit control panel assemblies.

TSX:FTG - Post by User

Firan Technology Group Corp

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Post by Possibleidiot01on Jul 30, 2024 7:02am

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Post# 36153876

interesting target price

Missed this at the time.

Investing in stocks is a long game. Sometimes I get it right in the short term, sometimes it takes a little time for getting it right to evolve.

Since the summer of 2021 I have been a shareholder of $FTG Firan Technology Group. On a number of occasions I’ve shared this on LinkedIn,Twitter and CEO.

The reason I became a shareholder then, and continued to add on dips since then was due to an operational pivot that Firan made.

Prior to Covid the focus of Firan was passenger aviation technology. However in 2021 Firan shifted to defence focused aviation technology.

This shift has led to a more than $80m sales backlog and rapidly growing profits.

As war continues to break out in several corners of the world, this strategic pivot has proven to be a supremely intelligent move by the management at Firan.

Today we see war in Russia/Ukraine, Israel and soon Venezuela/Guyana. Furthermore China, India and USA’s war readiness investing continues to soar off the charts.

Today Firan closed at $4.49/share. Its highest close price since 1997. On multiple occassions I announced my buying when the stock traded in the $1.80 to $2.20 trading range.

As more conflict is sure to breakout around the world in the short term. I see no reason for Firan stock to slow itself down. My two year price target is now $9.00 or $212m market cap. Perhaps even higher as the stock continues to buy back shares with profits.

Some of my best trades have returned 30x in just a year. But those are once in a career wins that you can’t often bank on. Some of my worst trades have lost 50% in a year, it’s hard to get it right every single time. When it comes to Firan, 250% in 2.5 years holding is pretty darn good too!

High risk single stock picking is not easy, market risk Canadian public markets have endured during the Trudeau Gov has been like swimming into the current at all times. As a result this type of investing comes with peaks and valleys. Sometimes the price doesn’t match your sentiment and at times I will get it wrong. But throughout my career when I get it right, I tend to get it really right!

Thanks to the managers of Firan Technology Group. Keep up the great work!!

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How does sponsorship affect share price?