Brett Girard, CPA, CA, CFA Magna Int'l. (A) MG-T WATCH Jan 22, 2025

PE higher than that of LNR. Integral to the NA auto parts business. Parts go back and forth over the border so often, not sure how you'd keep track of the tariffs. Both Trump and Canada see auto parts as important to the US. Wouldn't be surprised if affected by tariffs less than other industries.

Solid company. Thinks 2025 will be positive for the consumer and auto demand, and the stock's not reflecting this. If you're a long-term player, and you still like the fundamentals, keep holding.

Not an unreasonable time to sell, given the economic sensitivity of the name. Stock's come up a bit recently. Consider something like TD rather than BNS.

The names on this list are plenty. Start with the industrials, for instance. He's a big fan of BBD.B, but they make everything here in Canada.

An aerospace name like CAE, the rails, auto components like LNR and MG.

It has been lowering guidelines and the sector is not great with auto parts companies being impacted by tariffs. He likes Linamar better. It is cheaper and more diversified with an industrial side, and would be less impacted by tariffs.

25% tariffs on auto parts would be terrible for this name, life-changing. Valuation very attractive. Always very profitable, great management. Capital intensive and low ROIC, so he doesn't like this type of business.

Trades on the TSX, and has major global operations. But impacted so much by what happens with trade.

Most of the drop has to do with the tariff situation. Recent numbers were really good, great balance sheet, amazing footprint, global manufacturing powerhouse. Nice dividend.

Not the right time. Big exposure to tariffs. Business is capital intensive and highly competitive. Not a compounder. News on tariffs is so volatile and unpredictable.