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Bullboard - Stock Discussion Forum mdf commerce Ord Shs MECVF

mdf Commerce Inc. is a Canada-based company, which enables the flow of commerce by providing a set of software-as-a-service (SaaS) solutions designed to optimize and accelerate commercial interactions between buyers and sellers. It offers procurement, ecommerce and emarketplace solutions. Its emarketplaces connect buyers and sellers across multiple industries and offer transactional platforms... see more

OTCPK:MECVF - Post Discussion

mdf commerce Ord Shs > BMO Capital Raises MDF Commerce Target to $4.50
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Post by davgro on Oct 06, 2022 12:20pm

BMO Capital Raises MDF Commerce Target to $4.50

BMO Capital Raises MDF Commerce Target to $4.50, Maintains Market Perform After InterTrade Divestment

2022-10-06 12:12:16 PM ET (MT Newswires)

12:12 PM EDT, 10/06/2022 (MT Newswires) -- BMO Capital's Deepak Kaushal has adjusted his forecasts for MDF Commerce to reflect the company's divestment of InterTrade, which eliminates debt, reduces revenue by 10%, and improves gross margin by 190 bps.
 
"We believe balance sheet risk has reduced substantially and narrowed focus on e-procurement and e-commerce divisions is a positive. That said, we maintained our valuation multiple at 1.5x F2023E EV/Sales to reflect industry-wide compression for growth companies, and near-term margin and cash flow challenges."
 
BMO has maintained its Market Perform on MDF, but raised its one year target to $4.50. "While our higher target price reflects the unlocking of further value, we believe a full re-rating will take time."
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