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: $58.0800 on 2017-03-29

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Date Signal Expert Opinion Price
2017-03-27 DON'T BUY David Fingold

He would not buy it at these levels.  It has nothing to do with quality or valuation.  It is because the levels of auto production are quite elevated.  What if the economy slows?  He is not involved in auto parts now because he bought it when it was out of favour.  Most of the auto demand is behind us.


Price:
$57.780
Subject:
NORTH AMERICAN/GLOBAL
Bias:
SELECTIVE
Owned:
No
2017-03-24 PAST TOP PICK Greg Newman

(Top Pick Mar 31/16, Up 5%)  He bought because he thought the economy would improve but now you have border tax pressures.  This is now more than reflected in the share price.  He still sees EPS growth.  It has a good balance sheet.  It can go higher when we get through the border tax concerns.


Price:
$57.040
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH on DIVIDEND STOCKS
Owned:
Yes
2017-03-20 PAST TOP PICK Jim Huang

(A Top Pick March 1/16. Up 14%.) This has gone through some tough times. Auto sales had a huge recovery from the bottom of 2008. Sales are pretty much at an all-time high, both in the US and globally. They’ve also had some issues from foreign currency translation, mostly because the US$ went up. He still likes the company and management. No longer in the stock, but there will be a time to buy this again.


Price:
$58.680
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-03-13 COMMENT David Driscoll

This has Mexican operations, which is a big kicker regarding the Trump administration. The good thing about them is that they are getting more parts to the car per vehicle, which is why they have been getting the growth. He would have no problem owning this.


Price:
$58.060
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2017-03-03 DON'T BUY David Cockfield

Until the US decides what it is going to do with its cross-border tax, a company like this is right in their crosshairs because it is European. Until the situation is a lot clearer, you should stay away from this. A great company, but they are going to have to possibly contend with new rules.


Price:
$58.080
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2017-03-01 BUY Barry Schwartz

This is going to make a lot of money whether 18 or 17 million cars are sold, because they are generating so much free cash flow. They are buying back stock, making acquisitions, raising dividends, and they have pricing power. There is no question that the big growth is over, but it was only the come-back from 2009. This is not priced to perfection, trading at only 7X earnings. They have a lot of opportunity as the world goes more electric and autonomous cars. A good interesting hold here.


Price:
$58.000
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-02-27 WAIT James Thorne

Wait a couple of days and see if you can get a better entry point.  It was just rated a strong buy by an investment firm.  He does not know what this one will look like after the trade negotiations are done.


Price:
$57.180
Subject:
US DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2017-02-24 HOLD Bill Shaw

There is a fear that this manic pace of auto sales in the US can’t continue. There are also fears from the Donald Trump perspective too. They have some Mexican plants, and that could be impacted. It really depends upon what the Trump administration eventually does. A well-managed company and is going to do well longer-term. If you own, he would continue to Hold, and if there was more of a pullback here, he would definitely be a buyer.


Price:
$56.430
Subject:
CANADIAN DIVIDEND & REITS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-24 BUY Andrey Omelchak

Just reported and disappointed overall as was expected. The disappointment came from their European operations, not from North America. A great company and trading at a discount relative to its historical average. A pretty good place to put your money to work if you can withstand some of the political uncertainties surrounding what Donald Trump is trying to do. For the typical vehicle, auto parts pass the border back and forth more than 10 times. A very complex industry to change. He wouldn’t bet against this company. This represents a buying opportunity.


Price:
$56.430
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Unknown
2017-02-23 TOP PICK Brooke Thackray

It is a classic play on the economy.  Consumers keep buying cars.  Feb. 24 to Apr. 24 is the period of seasonal strength.  We are seeing a break out taking place.  Technically and seasonally it looks good.  (Analysts’ target; $65.37).


Price:
$59.200
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2017-02-21 TOP PICK Alex Ruus

The biggest auto parts manufacturer in Canada, and the 2nd globally. One of the most underappreciated Canadian success stories. He continues to be defied by the valuation in this market where we have Shopify (SHOP-T) trading at 100X 3-4 years out earnings, and you can buy this one at 7X next year’s earnings with a dividend that increases every year and they buy back stock. Dividend yield of 2.25%. (Analysts’ price target is $65.37.)


Price:
$59.890
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-16 BUY David Baskin

(Market Call Minute) Trump cannot disrupt the supply lines in the auto industry.  Plants in Canada, US, and Mexico.  It is safe and cheap.


Price:
$59.050
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-15 PAST TOP PICK Brian Madden

(A Top Pick Aug 29/16. Up 13.13%.) Canada’s largest auto parts producer. It has a platform that is well balanced between producing in Canada, US, Europe and Asia. It is outgrowing the industry in all of those regions, primarily on the back of product innovation. They have been doing buybacks at a stepped-up pace. Trading at about 7.8X its earnings, versus its peer group that is running at 11X.


Price:
$59.140
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-15 TOP PICK Brian Madden

A great play on the auto cycle. 18 million cars a year are being produced, and perhaps accelerating in Europe and continuing at high levels in Asia. The company is very innovative and are making advances in vehicle light weighting, transmissions and advanced driver systems. Trading at a discounted valuation. Dividend yield of 2.28%. (Analysts’ price target is $65.48.)


Price:
$59.140
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-10 COMMENT Norman Levine

He doesn’t own anything in the auto area, but is an area he is looking at. Globally auto stocks are starting to act better. Europe has been a very poor auto market for a long time, but is starting to pick up. Also, things are picking up in developing markets as well. Believes the US economy will be doing a lot better than a lot of economists have predicted. That will be good for consumer confidence, jobs will be good, consumer confidence will pick up, and that will be good for auto sales. This company should do okay and is one that he is looking at. Dividend yield of 2.3%.


Price:
$58.130
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
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