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Magellan Aerospace Corporation (MAL.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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At close: 04:00PM EDT
127 reactions on $MAL.TO conversation
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new contract with general electric should be a boost
Hey Travis, did anybody notice that the dividend announcement is way past due?
An undervalued company with earnings throughout the pandemic and a dividend of around 4.5%. How in the world is this stock not popping?
I've been talking about this stock to everyone who will listen. Not as some sort of get rich quick / pump and dump thing, but as a solid company and solid investment case.
Adjusted earnings slightly below breakeven, still cashflow positive, tangible working capital net of debt accounts for almost all of market cap, pays solid divy to wait, not cutting through the bone. But hey go buy dumpster fires!
Lovely company.. buying in tomorrow at open, I bet this thing will see a bump with the roll out of vaccines in the US
With a P/E of ~ 15 and a P/R ~ 0.7, this is still a great value pick. MAL also has a great dividend. Today's dip is a beautiful chance to get a stake in this company, especially given that Health Canada just approved the Pfizer vaccine.
The company has been pretty active on the buyback. Cheap stock, up to 3Q20 it stayed profitable, has a net cash balance sheet, and the stock has lots of room to recover unlike air crapada which has recovered to late 2018 levels despite no end in sight to burning cash and further deteriorating the balance sheet. And a solid divy while waiting.
211,385 shares repurchased, still 2.7M available. Should be a great value for shareholders even though operations are down (which is expected due to covid)
Would be nice if some guy didn’t own 76% of this stock... no wonder the trade volume is so thin
Wow, they actually went ahead with a NCIB with only like 24% of the float publicly traded. I was thinking about how effective that would be and thought about maybe emailing and inquiring about it about a week ago. But decided it would be unlikely due to the low public float. They've done it anyways.
I believe the shares here are extremely far off of intrinsic value. And this is a very good usage of cash reserves. I really hope they actually repurchase their full 25% volume limit once it starts later this week, I will be watching.
It's very annoying when Businesses announce a NCIB then fail to repurchase meaningful share amounts. So I hope Magellan isn't one of those and takes advantage of the market price here.
Great value here! Thin trading, but when this jumps it'll be fast and attract investors.
Great video about Magellan Aerospace Stock
Why the jump today?
Fundamentals are great especially the low debt, valuation is really good and they give a decent dividend at a low payout ratio. There's a reason why the market is bearish, still didnt find it out, but this is actually one the best opportunity these days.
Why the drop today ?
Options For Life
This is one of the reasons the stock was flying high for the past 2 months.
good results, beat rev, earnings
$6.86 basis and yield of 6.1%… I’ll hang on to this one for a while.
Finally this stock is receiving the respect it deserves 🤞
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