Tech investing is a very broad term, and when looking at which types of technologies one wants to invest in for the long-haul, typically advanced space technology firms aren’t top of the list for most. In this article, I’m going to talk about one Canadian company which provides such space-based technologies for the market, and why this company represents an interesting value play in this current environment.
Maxar Technologies Ltd. (TSX:MAXR)(NYSE:MAXR) is a Canada-based provider of technology solutions for space departments (public and private), offering a range of satellite, imaging, and high level data and analysis for commercial and government clients around the globe. The company was formerly known as MacDonald, Dettwiler & Associates, and has relatively underperformed of late, posting mediocre results within a tech sector which has continued to explode higher.
Currently analyst estimates peg Maxar at a forward price to earnings ratio of around 10, making this company one of the most attractively priced tech options out there at this point in time. With a dividend of more than 2.4%, Maxar looks much more like a mature corporate giant than a growth tech play, providing a unique mix of value and growth potential which is very hard to find in today’s market filled with overpriced securities.
I would encourage tech-oriented investors to take a deeper look at Maxar, considering a commercialization of space-based technologies which is a long-term catalyst which could take this sector, and Maxar, rocketing higher.
Invest wisely, my friends.
Tech Insider
