Checking in With Our Favorite Space Stock – MDA
When financial pundits make decisions, they’re always reminded by the audience when things don’t come to fruition. People will crawl over a football pitch of broken glass just to let someone know they were wrong, but it’s nothing but crickets when you’re right. What’s missing in either case is usually duration. Only when a company goes bankrupt or is acquired can you truly gauge success or failure of any given sentiment. So, last year when we said we liked MDA (MDA.TO) more than Rocket Lab (RKLB), it pissed off a lot of RKLB zealots. Here’s how these two companies have performed since our last piece:
- RKLB: -19%
- MDA: +80%
- Nasdaq: +23%
And that’s after RKLB has seen a fair bit of ape hype.
If after another year MDA is performing better than Rocket Lab, we’ll be sure to remind everybody. If not, we’ll sweep it under the rug. Regular readers know we’re only joking because we invest in companies, not stocks. Whether MDA has outperformed RKLB over one year or five years doesn’t make any difference. In the end, it comes down to what realized returns you made on any given stock which will differ by person. Maybe a better question to ask is simply this. Do we still like MDA as much a year later?
MDA’s Gross Margins
Our recent video on hype in space stocks pointed out a major concern around fix
