Q: Do you think Mda is attractive at current levels?
5i Research Answer:
Yes and no; MDA is somewhat unique in Canada, and the space sector remains very hot in the US. However, the contract loss earlier this year and the decline in the stock could still see it hit with some more year-end and tax loss selling. We would be OK accumulating buying into any further declines, but we think some patience may be required here and we might proceed slowly in the near term.