Looking ForwardLet's see if we can hold above $8.00 this week. GLTA
MDA's estimates are for strong levels of sales and earnings growth in the next few years, and its recent quarters' earnings have been good. Its forward valuation is fairly decent, but this assumes its high expected growth rates will materialize. Profit margins have been good over the past few quarters, and it is beginning to generate positive free cash flow. We feel that the recent turnaround in earnings is beginning to be reflected in its price, and if the company continues to execute on profitability then the bottom for this stock may very well be in. From a technical standpoint, we would like to see the $8 range be hit and exceeded, and future earnings results to reflect a continuation of profits and growth. (5iResearch)