NYSE:MGA
53.81
0.57
(1.07%)
Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada.
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Analysis and Opinions about MGA-N
Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 11, 2019
Cyclical. 200-day moving average has been falling. Stock meandering sideways. Cheap at 8.8x, but it's cheap for a reason. Late cycle. Risk is its reliance on Detroit automakers.
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Cyclical. 200-day moving average has been falling. Stock meandering sideways. Cheap at 8.8x, but it's cheap for a reason. Late cycle. Risk is its reliance on Detroit automakers.
HOLD
HOLD
August 29, 2019
Industrials have suffered. Moving in a bit of a range. If the market perked up, it could get back to the $70 range. Good solid support back to 2017 levels, around $60. Not a lot of risk or reward right now. If you own it, hold and see if you can get $70 at least.
Show full opinionHide full opinionIndustrials have suffered. Moving in a bit of a range. If the market perked up, it could get back to the $70 range. Good solid support back to 2017 levels, around $60. Not a lot of risk or reward right now. If you own it, hold and see if you can get $70 at least.
HOLD
HOLD
May 22, 2019
Historically the time to buy auto stocks is when things look bleak for the industry. This is a top quality company in the space. The auto cycle has been softening and this is causing auto parts stocks to sell off. He would not sell out of any holding at this time.
Show full opinionHide full opinionHistorically the time to buy auto stocks is when things look bleak for the industry. This is a top quality company in the space. The auto cycle has been softening and this is causing auto parts stocks to sell off. He would not sell out of any holding at this time.
HOLD
HOLD
March 26, 2019
Whole industry is out of favour. His instinct is not to sell a well capitalized company, just because stock price is down. Global leader. No one has a great understanding of where the industry is going. Global slowdown. Magna has staying power. His instinct says to live with it, if you own it. Tough sector to be in.
Show full opinionHide full opinionWhole industry is out of favour. His instinct is not to sell a well capitalized company, just because stock price is down. Global leader. No one has a great understanding of where the industry is going. Global slowdown. Magna has staying power. His instinct says to live with it, if you own it. Tough sector to be in.
PAST TOP PICK
PAST TOP PICK
May 30, 2018
(August 1, 2017, Up 45%) The auto cycle is still going strong as car production rises. Magna has done very, very well. E-cars haven't wiped out gas cars The entire car sector is cheap. Magna is trading at only 9x forward earnings. A very well-run company with strong earnings growth. They have exposure to the powertrain which is not going away anytime soon.
(August 1, 2017, Up 45%) The auto cycle is still going strong as car production rises. Magna has done very, very well. E-cars haven't wiped out gas cars The entire car sector is cheap. Magna is trading at only 9x forward earnings. A very well-run company with strong earnings growth. They have exposure to the powertrain which is not going away anytime soon.
PAST TOP PICK
PAST TOP PICK
November 28, 2011
(A Top Pick Dec 1/12. Down 30.04%.) Stopped out. Would be a Buy now.
Show full opinionHide full opinion(A Top Pick Dec 1/12. Down 30.04%.) Stopped out. Would be a Buy now.
HOLD
HOLD
May 27, 2011
Sector is healthy and this should work higher. A beneficiary of global growth. Expect the sector will surprise.
Show full opinionHide full opinionSector is healthy and this should work higher. A beneficiary of global growth. Expect the sector will surprise.
COMMENT
COMMENT
May 24, 2011
Sold a $50 Sept Put for $6.50. Now $4.50, so should I buy it back? Great trade although he would have done it for only one month. Just sit on it and if you get Put, you’ve got a great stock.
Sold a $50 Sept Put for $6.50. Now $4.50, so should I buy it back? Great trade although he would have done it for only one month. Just sit on it and if you get Put, you’ve got a great stock.
TOP PICK
TOP PICK
December 1, 2010
Now that they have the duals class shares out of the way, this is a great opportunity. Trying to diverse more internationality from where they are. (50% North America and 25% Europe.) Moving into the BRIC countries.
Show full opinionHide full opinionNow that they have the duals class shares out of the way, this is a great opportunity. Trying to diverse more internationality from where they are. (50% North America and 25% Europe.) Moving into the BRIC countries.
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