Magna Int'l. (A) (MG.TO)

This has grown into his largest position. He would love to have a better entry point and is not sure he would chase it at this point. Auto-parts are actually growth companies.

This one is just about as perfect as it can get. His model price is $90. The average age of vehicles in the US is 10 years so consumers have to get back to buying cars, which they have put off.

Should continue to do well as long as auto industry is growing. GM is the best way to play the auto industry.

Read a commentary that in 2-3 years, US car production is going to be as high as 18 million cars versus the current 15-16 million. If this happens, this company will be a key beneficiary.

Is the best run auto parts company in North America, The US auto sales are on fire which is helping Magna. The European is not doing much but as they move out of the recession they will also help.

Has had a strong run on really good earnings growth. A very profitable business, but not making very much from Europe. If Europe comes back online then earnings will continue to do quite well.

They seem to be able to do some growth in Europe, which has helped their stock. Replacement car is new, which may give a good refresh. Can see it climbing above $69 in a year.

Thinks there is a dividend increase coming later in the year but don’t expect 4% ever. This is a growth company. It is still not expensive but autos are cyclical. In a couple more dollars he would take half off the table.

Even though it is at a 52-week high, he would still be a buyer. Trades at 8.5X projected earnings for 2014. Number 4 auto-parts company in the world. Have a phenomenal manufacturing culture. Yield of 2.16%.

Has done extremely well. Has gone through its 2011 high, which is very strong. At this point, he can’t say how high it is going to go. Still trending upwards. He would hold until it breaks that upward trend line.

(A Top Pick March 13/12. Up 20.2 1%.) Best in class in a way to play auto-parts. Had a selloff today which is a nice opportunity if you don’t own.

Trades at a discount to some of its peers. Looking at the whole US car industry there are pretty old cars out there, which is why they are doing so well.

Has done well over the last year, but continues to be compellingly valued. One of the great Canadian multinationals and he finds it shocking that it is still trading at a single digit PE multiple. Great balance sheet. Superbly positioned and they understand their industry very, very well. Superb corporate culture of zero to very low debt leverage, which allows them to profit when other companies are in trouble. Expected to go significantly higher in the next couple of years.

Linamar (LNR-T) or Magna (MG-T)? She would prefers this one because it is more diversified. The only thing she worries about is Europe. Car sales so far this year have been below where people have expected them. However, she is very bullish on cars in North America. Not expensive at these levels.

One of the dominant auto part makers and are benefiting from the auto sector recovery. Mix of clients has worked out very well for them. We have seen a lot of the gain in the stock and they will continue to benefit from the recovery of the sector. He would be tempted to take some profits, however.