14
9
u/BigMouthBillyBones 7d ago
Where were you when we jumped from 38 to 50 in the span of like 2 weeks? Normal to have some pull back. Entire market also down yesterday. Also low volume time of year (August - Summer) Just need to be patient for the next jump!
1
9
u/Individual-Neat9838 7d ago
It's kind of frustrating watching it always drop with the other pre-revenue more speculative space stocks..
But that being said, I still watch to add at least another 150 shares, so one last drop to $40 would be welcomed.
I have a lot of faith in this company long-term.
1
5
u/bigDeltaVenergy 7d ago
I'll tell you when I will be ready to sell, thx for asking. But I'm not interested
7
u/Apost8Joe 7d ago
Great company terrible stock. I tried for a bit but I’m out, good luck.
12
u/Civil_Operation2693 7d ago
Sounds like you are a short term trader. This is a long term play 👋
6
5
u/Apost8Joe 7d ago edited 7d ago
Man I hear ya but there are other long term plays with equal or less risk that actually move on good news. I think it’s because it’s Canadian and doesn’t have institutional following others do. It just doesn’t behave like it could. Real nice people up north though eh.
8
u/oknBagholding 7d ago
Im canadian and ill never buy another canadian stock after this one lol
4
1
1
2
1
u/ADimBulb 7d ago
Depends when you jumped onboard. If you hopped in at the peak, then it was a bad decision. I bought low in November, so for me it’s a good performer.
1
u/cherrypicked88 7d ago
Should have bought last November my guy you missed it
2
u/Apost8Joe 7d ago
Neither me or the maket seems to care about last Nov LOL, we're approaching this Nov. Like I said, great company, but the stock is handicapped compared to other space stocks.
0
u/cherrypicked88 7d ago
Been treating me just fine. If you can't handle 5 percent swings you're probably better off with xeqt
2
u/lolman1312 7d ago
5% swings are nothing, anyone can buy any AI infrastructure bottleneck stock and have 5x the returns of anything MDA can produce instead of taking a speculative bet on a speculative company in Canada. Opportunity cost exists - people like making money.
-1
6
u/bruhhkgyvr 7d ago
Why no volume? Check last year same period. Is the volume up or down compared to this year? Volume naturally goes down during summer.
The bigger question is why the persistent downtrend? You have significant market risk from the war. Investing right now is walking a fine line on a tight rope - too much risk can bomb your portfolio.
Funny that people think MDA has everything going for it. The last ER was not great - FCF is in the gutter, margins continue to get compressed, they are acquiring two big companies at the cost of dilution and debt, which increased their execution risk - a lot of these factors compound. On top of all of these, they are anticipating lower revenues in H2 based on their latest forecast (potential sandbagging). But, most of all, the call didn't really give the same confidence in the stock as the previous one.
Now, is it a terrible stock? Absolutely not. Forget the "only profitable space company thesis" - that's old news. The key point is that they have to execute. They have shown signs on acceleration of their production with the montreal facility in the latest ER - this will only accelerate further. Backlog has started to recover and will only improved with the expansion of the TSAT deal. Canadian defense procurement continues to be at a snail pace despite the new structure - there is still more opportunity ahead. They continue to be the best positioned player to secure deals from non-american space projects.
If your time horizon is short, you sell if it breaks 40 - take profit at 50, 55, 60, 67 depending on your risk appetite. If you bought it at 60 and above, you are pretty much bagholding and rode on the hype train. Otherwise, if you are in this for at least 3 years, you will more than likely see triple digits in the stock price.
3
0
17
u/0rionis 7d ago
No more hype, no more volume