MALJF - Magellan Aerospace - A True Defence Stock For Turbulent Times
Analyst: Joshua Hung
Thesis: Strong Backlogs and Identifiable Growth Opportunities
We believe that Magellan Aerospace has been undervalued by the market and has been oversold in the 2018 year end sell off. We believe this presents a buying opportunity as Magellan’s business operations are quite stable due to long-term contract agreements, which creates substantial backlogs providing some certainty in future cash flows. With the forecasted growth in the Aerospace & Defence industry, MAL is well positioned to capitalize on new business opportunities.
Business Overview/Fundamentals
Magellan Aerospace
Magellan Aerospace Corporation (OTCPK:MALJF) is a diversified