Viewing Company Magna Int'l. (A) | StockChase
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Compiling comments that experts make about stocks while on public TV.

Magna Int'l. (A) Stock Symbol: MG-T

Last Price Recorded: $64.2900 on 2017-09-20

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Date Signal Expert Opinion Price
2017-09-13 COMMENT Michael Sprung

Has been looking at this recently. On a valuation basis, it looks quite reasonable. What is affecting this is not so much political, but the changing dynamics within the car industry. Between autonomous vehicles possibly coming in, car sharing programs, Uber programs, and the dynamics of how people are going to own automobiles is changing. Nonetheless, someone is still going to have to make the parts and build the components, and this company is well positioned to do that. They have significant manufacturing capabilities globally.


Price:
$59.860
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-07 COMMENT Lorne Steinberg

Has done an outstanding job. They used to just be parts of cars, but now it is whole sections of cars. A big issue is that they are not a technology company. One of the big themes globally is car sharing, ride sharing, etc. Millennial’s are not buying cars the way the previous generation did. All the car parts makers are not expensive on a PE basis. The economy is in pretty good shape. But these are not the kind of companies that should be trading anywhere close to a market multiple. They should be trading in the high single digit to low double-digit. He is not a huge fan of the auto sector in general.


Price:
$58.750
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
No
2017-09-06 COMMENT Stephen Groff

He likes the look of this auto parts supplier. Not expensive, but they have a lot of exposure to large SUV trucks in North America. That is a market which can move around. Their ability to be in the right part of the car and allocating capital under the current management team has been really good. Has a lot of respect for what they are doing, but this is a cyclical, capital intensive business.


Price:
$59.220
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2017-08-30 COMMENT Brian Madden

Canada’s largest auto parts Company. It has been doing well over the last year. The albatross is the threat of NAFTA being torn up. His view is that the rhetoric and posturing is perhaps a bluff. Doesn’t think the fears are going to be born out. This company is taking share and outgrowing the industry in every region they operate in. There are also buying back a lot of stock. He still likes it.


Price:
$58.810
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-28 HOLD Bruce Campbell (1)

It was downgraded this morning by Morgan Stanley.  There is ongoing worry that we have come to the end of auto cycle.  He says it looks more like we are settling out to a high level.  NAFTA does impact it and you can see the volatility in the stock chart.  He thinks more that it is people being nervous about the cycle.


Price:
$58.450
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2017-08-25 PAST TOP PICK Robert McWhirter

(Top Pick Jan 6/17, Up 1.68%)  They will continue to be a great manufacturer even in the light of electric cars.  He thinks it is cheap.


Price:
$59.610
Subject:
CANADIAN & TECHNOLOGY
Bias:
BULLISH
Owned:
Yes
2017-08-24 DON'T BUY Rick Stuchberry

It is cheap.  He thinks money is not going in because of the potential change caused by TSLA-Q.  MG-T reported reasonable numbers.  They are an important part of the supply chain, but the supply chain may change.


Price:
$60.000
Subject:
CANADIAN LARGE & iNTERNATIONAL ADR's
Bias:
DEFENSIVE
Owned:
No
2017-08-24 BUY Stan Wong

It is in the cross hairs of the NAFTA renegotiations.  It is still cheap and he still likes it.  The risk is if US auto sales are peaking.  He likes it for the valuation.


Price:
$60.000
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Yes
2017-08-23 BUY Jason Mann

All the auto parts stocks have similar valuations, but this one is very slightly cheaper.  They are all cheap. They have a fantastic balance sheet and are in the top 20% on price momentum. It has been perpetually undervalued and you may have to wait a while for the world to figure that out.


Price:
$59.410
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2017-08-16 COMMENT Christine Poole

The concern on all auto stocks is that US auto sales have peaked at about 17 million units, and growth is slow to pick up in Europe. A concern for Canadian manufacturers is that we have NAFTA, which really impacts the trade of auto parts going back and forth. For now, she is waiting on the sidelines. This company is the most global and does have leverage to an increase in content per vehicle in Europe and China.


Price:
$59.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-09 BUY Paul Harris, CFA

A lot of the auto part manufacturers are cheap. This is trading at about 7X earnings with a 2.5% dividend yield. By all metrics, it is relatively cheap. The auto industry may grow at 1.5% or so globally, but this company can actually grow faster than that, probably closer to 5%. They have a great balance sheet. Have really expanded into emerging markets which is where the growth is going to come from. You may have to hold this for a fair amount of time.


Price:
$61.300
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2017-08-08 COMMENT Lyle Stein

Is the auto sector coming to an end? Is it over? The decline in 2015-2016 reflected some of those concerns. The multiple got compressed, but earnings kept coming through. He is not a believer that the auto cycle is going to stage an immediate come back. A good company to own in the sense that it is cheap, and did remarkably well in taking costs out of the business. Thinks he can get more torque in an upside move from other sectors.


Price:
$61.440
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-01 TOP PICK Bruce Murray

This has very good exposure to new technologies. The world’s leading manufacturer of smaller vehicle runs. If Google or Apple are to build a car, this will probably be the company they turn to, to actually assemble it for them. Earnings are cheap, making $6.40 US ($8 Cdn). A simple 10 multiple will give you an $80 stock. Dividend yield of 2.4%.


Price:
$58.400
Subject:
NORTH AMERICAN
Bias:
BULLISH on US MARKET
Owned:
Yes
2017-07-28 PAST TOP PICK Greg Newman

(A Top Pick July 28/16. Up 22.25%.) They have a very good offering to grow even if Peak Auto is the case. He is modelling this as growing 11%. Very healthy balance sheet.


Price:
$59.380
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2017-07-19 COMMENT Veronika Hirsch

This is a stock that is in the late stage cycle, and generally you don’t own consumer stocks. Industrial products is probably where you want to be. One of the fears is that a lot of car loans are going to go bad in this cycle. Some of the loans go 6-7 years, and by that time, the car is not worth anything. Last quarter, the margins looked a little healthier in Europe. A great company, but it’s just the wrong stage of the cycle.


Price:
$60.900
Subject:
CANADIAN & ALTERNATIVE INVESTING
Bias:
UNKNOWN
Owned:
No
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