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  5. MDA: What has the past year performance been on the stock. [MDA Ltd.]
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Q: What has the past year performance been on the stock. Any thoughts about this year?

Asked by Brian on March 02, 2022
5i Research Answer:

MDA only went public in April and so has not traded a year yet. It opened at $14.55, hit $18.88 and is now $9.53. It has held up well in 2022, at least, with a fairly unique business (for Canada) and a good backlog. Revenue and earnings are expected to ramp up nicely in 2022. It is not cheap, and it missed its last quarter, so is certainly not an easy call, but we do think it has a decent longer-term future.