William Chin Martinrea MRE-T HOLD Dec 29, 2017

True, there are headwinds in autos, but this trades at 3-4x operating cash flow and 8-9x forward PE. Also, they're huge in areas like aluminum parts. Are well-positioned in gas-engine cars and EVs; there's 80% crossover shared between both kinds of cars.

Ups and downs, but closed the year flat just like many other things. Flashing a yellow, if not red, light. Wait and see how this economy thing goes.

Current dividend yield is industry average. Current price looks inexpensive, but is cheap for a reason. Would recommend a small position. Valuation is attractive. 

It is very cheap. Many auto parts used in standard gas vehicles can also be used in EV's Also the migration to EV's will be slower than expected. The biggest risk is where auto sales are heading.

A cyclical player, but that happens in the auto industry. He's added to this recently. Still cheap. Autos have issues: inventories are climbing and EVs haven't take off as expected. MRE can supply both EVs and traditional cars, and there's been insider buying. Trades at 3x operating cash flow and 8x forward PE.

Auto parts is a terrible business. It demands heavy capital and constantly needs investment in production facilities. Also, it's highly competitive. The PE looks cheap, but it's capital heavy. Avoid.

The car sector has disappointed, is floundering. He sold some car stocks, but held onto MRE because it's cheap. Is lots of insider buying and margins are improving. Are almost immune from the EV transition because the components they made can be used in gas as well as electric cars. 8-9x forward PE and a good balance sheet.

Everything that could go wrong, has. Potential tariffs of 25%. Concerns about capex needed for EVs. Now trading at 3x operating cashflow, 7-8 forward PE. Doing the right things, great backlog, European exposure. Still likes the story, sticking with it. 

They face the US tariff risk. The PE looks cheap, but look at the balance sheet. Lots of debt. Growth is declining.

Auto stocks are really struggling, both Canada and US, and they're right at the epicentre of this whole tariff battle. Beware the value trap -- something's gone down, looks cheap, but hasn't started going up yet. Chart doesn't look as though it's bottomed out yet.

Though cheap, it could still go lower. Whole sector might take time to build a base, as it's been beaten down so much. The auto sector really brought down the most recent Canadian retail sales numbers.