Q: Your analysis please for these stocks,preference for a 2 to 3 year hold and entry price. Thanx.
5i Research Answer:
We have FTG comments from last week here. MAL has picked up steam with renewed interest in defense stocks. It is now over $1B market cap, trading at 18X earnings with a 1.12% dividend (which was doubled in May--a good sign). The balance sheet is fine and good earnings growth is expected (in the 30%+ range next year). There is a bit of a scarcity in defense-related stocks in Canada, and it is benefiting from this. We like it better than we have in the past and it has now shown better consistency in its growth. We would prefer it, with a suggested price of $17.00