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: $60.1400 on 2017-07-26

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Date Signal Expert Opinion Price
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
2017-07-18 BUY David Burrows

If you like value, this is your company. Auto and auto parts has recently, in the last 3-4 weeks, made a nice turn. We are starting to get away from all the discussion about peak auto. This company is significantly cheaper than any other large parts producer or subassembly company. They have a great growth engine within the business, being the largest and complete auto assembling outsourced. There was about $2 billion in sales in 2016, which could be $7 billion by 2019. They are just taking over producing half of all the 5 series BMWs globally. Trading at 8X earnings, which is relatively cheap compared to its competitors.


Price:
$60.160
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-07-17 COMMENT Don Vialoux

Seasonality is strong from Feb. to May.  We had a little bit this year.  Technically it has been trading in a range over the last 3 months.  There is no indication in which direction it is going.  Auto stocks in general have been doing well, but are now showing signs of rolling over so he would be careful here.


Price:
$60.480
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-07-14 PAST TOP PICK Robert McWhirter

(A Top Pick Nov 4/16. Up 18.42%.) The real question becomes do you expect Apple (AAPL-Q) and Google (GOOGL-Q) to end up bending metal like Tesla, or do you expect them to use this company instead. He thinks there is a great opportunity as the current supplier.


Price:
$60.900
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
BULLISH on ENERGY
Owned:
Yes
2017-07-12 PAST TOP PICK Brian Madden

(A Top Pick August 29/16. Up 18.2%.) Auto sales numbers in North America have been cooling off, coming down from a high of about 18.2 million units last summer to about 16.6 million units. This one is a global champion and well diversified with about 40% of sales coming out of the US, a big chunk coming out of Europe and a small but increasing proportion of sales coming out of Asia and growing very, very quickly. They target 8% EBITDA margins and have been coming in above that. He continues to be a buyer.


Price:
$61.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-07-05 DON'T BUY Daniel Lloyd

This is too cheap to Short, but he certainly wouldn’t want to be Long in the auto space right now. It seems the auto cycle is rolling over, and auto parts manufacturers are typically a torquey way to play the auto cycle. It still generates a reasonable amount of cash. His worry is that a lot of the automotive inventory stories eventually come home to roost for auto manufacturers, which then trickles down to the auto parts manufacturers.


Price:
$59.910
Subject:
CANADIAN
Bias:
BULLISH on ENERGY
Owned:
No
2017-07-04 HOLD Kash Pashootan

This is cheap, and as part of a portfolio, it still makes sense. Trading at around 8X. The valuation is ultra low. Dividend yield of 2.3%.


Price:
$59.900
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 COMMENT Lyle Stein

Auto sales have gone up, up, up and have peaked at around 17.5-18 million vehicles. This is cheap, because it is selling all the products to a world of 17.5 million vehicles. The question is, what is 2018, and more importantly 2019-2020 going to look like. This could then be followed by vehicles driven by robots. His view is that manufacturing will probably go below 17 million vehicles in 12-18 months.


Price:
$58.870
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-06-21 HOLD Andy Nasr

When looking at the auto industry in North America, there are challenges. However, if you have a global perspective, there could be a very strong argument that auto sales are going to increase very meaningfully in places like China and continental Europe. This company has a global footprint, so would benefit from those increases. In North America, there are warning signs including an increase in delinquency in auto loans. A large number of vehicles coming off lease are going to hit the market and affect used vehicle pricing, and could make its way back into new vehicle pricing. A lot of these concerns are adequately reflected in the valuation, which is why he thinks this is a decent Hold.


Price:
$59.310
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-06-16 COMMENT Greg Newman

There are concerns with border tax and NAFTA uncertainty. This in all likelihood should do very well. Has a very nice growth rate of over 11% over the next couple of years. Very cheap relative to its peers. The US guys trade at around 10X and this trades at around 7.8X. Great balance sheet. He likes when underappreciated names get tossed around like this. He is looking for upside in the next 12 months.


Price:
$57.300
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2017-06-06 PAST TOP PICK Peter Hodson

(A Top Pick Aug 3/16. Up 27%.) At that time, people were talking about peak autos, rollover, and higher interest rates, and that didn’t quite happen. It was a strong year for autos last year.


Price:
$61.600
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2017-05-31 BUY Michael Simpson, CFA

Trading at a very cheap valuation, under 8X PE. They have global operations. They are improving their European operations, so they are improving margins. Good balance sheet to EBITDA at about 1X. If one of the large tech companies ever want to manufacture their own smart car, they might look to a player like this.


Price:
$60.470
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-05-30 BUY Mike S. Newton, CIM FCSI

Just came out with phenomenal earnings, which popped the stock. A very, very high level of earnings comes from outside of Canada.


Price:
$60.740
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-05-26 HOLD Stan Wong

Shares are very, very cheap, trading at less than 8X forward earnings. They are trying to get more content with higher margins into the car, rather than trying to build market share with more cars, and doing a pretty good job. The communications out of Washington in terms of taxing certain things and NAFTA are probably hurting companies like this. Also, we are getting into the later stages of the new car cycle. Decent dividend of about 2.5%.


Price:
$60.540
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-05-24 DON'T BUY Zachary Curry

Linamar (LNR-T), Magna (MG-T) or Martinrea (MRE-T)? He doesn’t find the overall environment for auto parts manufacturers very constructive. US auto sales are at their highest levels, running north of 17 million units. This is the 2nd or 3rd year that has been going on. There is the NAFTA free trade agreement in question. Also, auto loans are coming into real focus, which in his view, are not very positive. There is some debate as to how these companies can move from an internal combustion engine to an electric car. This is too dangerous a time to be going in right now.


Price:
$60.110
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
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