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: $58.3600 on 2017-08-21

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Date Signal Expert Opinion Price
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
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
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