Note: All figured discussed will be in Canadian Dollars unless otherwise stated.
Magellan Aerospace Corporation (MALJF) has shown the ability to handle extremely dire economic circumstances and survive. Its strong cash flow and earnings record over the previous 5 years have provided investors with a modest and fully funded dividend, while making great improvements to its financial position. Through effective debt management, the company has built an outstanding record of debt service, and has enough current assets to cover its total liabilities.
With strong order backlogs for commercial airline producers, and an expectation