Mike Vinokur Magna Int'l. (A) MG-T PAST TOP PICK Mar 07, 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.

Don't yet know how things are going to shake out. Rhetoric is at an all-time high. Short term, it's impacting our economy because the US is our largest trading partner. Reality is that there's a lot of value-added auto manufacturing in both Canada and US; the 2 countries are inextricably linked. Tariffs will be punitive for both Canada and the US.

Hope is not an investment strategy, but we have to hope that rational heads can prevail so that there continues to be a steady flow of goods across our borders.

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.

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.