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: $59.7700 on 2017-06-23

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Date Signal Expert Opinion Price
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
2017-05-24 PAST TOP PICK Brian Madden

(A Top Pick Aug 29/16. Up 16%.) The stock faded a little on fears of the auto cycle plateauing. Investors may have forgotten that this is not just a North American auto parts Company, they have a great platform in Europe, as well as growing in Asia. They recently just reported a great quarter. He continues to like this.


Price:
$60.110
Subject:
CANADIAN EQUITIES, FIXED INCOME & ASSET ALLOCATION
Bias:
UNKNOWN
Owned:
Yes
2017-05-17 TOP PICK David Baskin

One of the world’s great auto parts manufacturing companies, with sales of almost $40 billion. A real Canadian superstar. It is way undervalued trading at 7.5X earnings. Whether we end up driving electric cars or gas cars, this company is going to sell a lot of the parts. Strong management. Has diversification across so many different OEMs. Dividend yield of 2.4%. (Analysts’ price target is $53.79.)


Price:
$60.140
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-05-15 PAST TOP PICK Alex Ruus

(A Top Pick April 21/16. Up 16.76%.) This continues to grow, despite all the skeptics saying the auto cycle is coming to an end. Trading at 7X next year’s earnings and 3.9X EBITDA, which is unheard of for this size of company. 2.5% dividend, which increases every year.


Price:
$62.540
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-11 COMMENT Hap (Robert) Sneddon FCSI

The street liked the earnings that were reported. The chart shows a bottom in mid April. There is now a double bottom test. A really good name. You want to see this hold the $62 or break above that. If it does so, there is going to be a little bit of resistance right around $75.


Price:
$61.170
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-01 COMMENT Paul Harris, CFA

You have to consider what the auto cycle look like. There has been a strong run-up in auto sales in the last 2-3 years, and people are thinking that is going to come down. That may be true, but this company is more of an international company, so if auto sales are 1%-3%, this company should do a little better because they supply other parts of it. This is not expensive, trading at about 7X earnings and 4.7X EV to EBITDA, and it has a decent yield. You are going to have to wait it out a little longer to see a stabilization in the auto cycle. This company has the ability to grow, not only through acquisition, but they can grow in Asia as well.


Price:
$57.420
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Unknown
2017-04-27 COMMENT Mike S. Newton, CIM FCSI

Linamar (LNR-T) or Magna (MG-T)? Both are great names. This one is more of a pure play in what he is trying to look for in the auto parts area. It is having a difficult time getting off the ground with a lot of doubts about Europe and what is going on with currencies. He would like to get back into this. If you believe the global economy is picking up, and you want to have a great global name that you can buy with the Cdn$, this is certainly one of the top class name he would be looking at.


Price:
$56.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-25 PAST TOP PICK Brooke Thackray

(A Top Pick Feb 23/17. Down 4.3%.) An example of a company that typically does well from February into the end of April. This hit the seasonal period, but the car companies just didn’t do that well.


Price:
$56.290
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
No
2017-04-13 COMMENT Paul Harris, CFA

Not expensive at 7X earnings, and has a decent dividend yield. The car industry kind of collapsed in 2008-2009 and then it took off. The number of cars sold is off the charts in the last several years. There is a feeling that this volume cannot continue. Magna is a parts producer so they deal with everybody. Even though the car industry may grow at 1%, Magna could probably grow at between 3% and 5%. You should see better margin improvements. The car industry will probably have most of its growth in emerging markets over the next several years, and they are moving into that area. They have a pristine balance sheet, so they could look for some acquisitions. Dividend yield of 2.8%.


Price:
$52.780
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
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