Q: Hi,
Is MDA Space’s purchase of SatixFy Communications sounding like a good deal? Stock is off 5% this morning, maybe on the news….
Thank you, Michael
Is MDA Space’s purchase of SatixFy Communications sounding like a good deal? Stock is off 5% this morning, maybe on the news….
Thank you, Michael
5i Research Answer:
** edited for missed word.
It is a fairly big deal, at about 8% or so of MDA's market cap. But we think it makes sense to further vertically integrate more products into MDA's systems. MDA is also rumoured to be in the running for another Apple contract. Tech has had a tough week and we would not take the drop in the stock as a sign that this was a 'bad' move for the company.
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