Magna Int'l. (A) | StockChase
816
Magna Int'l. (A) (MG-T)

Last Price Recorded: $74.1400 on 2018-01-17

ON STOCKCHASE SINCE Oct 2000

Automotive
816
Magna Int'l. (A) (MG-T)

Last Price Recorded: $74.1400 on 2018-01-17

ON STOCKCHASE SINCE Oct 2000

Automotive

Magna Int'l. (A)


Signal Opinion Expert
PAST TOP PICK
Magna Int'l. (A)(MG-T) 

January 17, 2018

(A Top Pick Feb 15/17. Up 29%.) This has done well on the back of very strong Canadian auto sales. More importantly, where they sell to European vehicles, those are still coming along nicely. In the US, hurricanes created more replacement demand than had been expected. The company has done a great job of outgrowing the overall auto industry, and are doing that by getting more content into each vehicle. At the Detroit Auto Show, they forecasted $6 billion of free cash flow over the next 3 years.

Automotive

(A Top Pick Feb 15/17. Up 29%.) This has done well on the back of very strong Canadian auto sales. More importantly, where they sell to European vehicles, those are still coming along nicely. In the US, hurricanes created more replacement demand than had been expected. The company has done a great job of outgrowing the overall auto industry, and are doing that by getting more content into each vehicle. At the Detroit Auto Show, they forecasted $6 billion of free cash flow over the next 3 years.

Automotive
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$74.140
Owned Owned
Yes

TOP PICK
Magna Int'l. (A)(MG-T) 

January 16, 2018

Regarding concerns on NAFTA, no one knows what Trump is going to do. He thinks it is a bit of a red herring. Behind the scenes there is a lot of support. 95% of US businesses want to keep NAFTA in place. There is already a NAFTA discount in the whole auto sector, which has created really cheap valuations. This is trading at 7X earnings. Thinks it continues to grow at double digits for the next several years, even in a flat to slightly down North American auto market. It is a leader in autonomous driving technology. Dividend yield of 1.9%. (Analysts' price target is $65.)

Automotive

Regarding concerns on NAFTA, no one knows what Trump is going to do. He thinks it is a bit of a red herring. Behind the scenes there is a lot of support. 95% of US businesses want to keep NAFTA in place. There is already a NAFTA discount in the whole auto sector, which has created really cheap valuations. This is trading at 7X earnings. Thinks it continues to grow at double digits for the next several years, even in a flat to slightly down North American auto market. It is a leader in autonomous driving technology. Dividend yield of 1.9%. (Analysts' price target is $65.)

Automotive
Alex Ruus

Portfolio Manager, Arrow Capital Manage...

PricePrice
$72.200
Owned Owned
Yes

COMMENT
Magna Int'l. (A)(MG-T) 

January 10, 2018

There is a NAFTA concern which has kept him on the sidelines, but he is more concerned for the next couple of years on car sales, Peak Auto. There are also some issues on consumer car credits. Electric vehicles is a 10-year story, but will slowly eat into some business. He wants to see a good 1.5 years, to see where car sales are. If you own this, you might consider selling your holdings and looking at something else for the next 6 months to a year.

Automotive

There is a NAFTA concern which has kept him on the sidelines, but he is more concerned for the next couple of years on car sales, Peak Auto. There are also some issues on consumer car credits. Electric vehicles is a 10-year story, but will slowly eat into some business. He wants to see a good 1.5 years, to see where car sales are. If you own this, you might consider selling your holdings and looking at something else for the next 6 months to a year.

Automotive
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$71.440
Owned Owned
No

COMMENT
Magna Int'l. (A)(MG-T) 

January 9, 2018

This company has done quite well. Auto production in the US has been very strong for the past year. Hurricanes in October-November, added a bit of additional demand. Auto parts suppliers tend to all trade at low multiples. She expects we will not see much in higher unit sales in the US. Growth has to come from Europe, and maybe China. We have NAFTA coming up, and those negotiations have not been progressing. If NAFTA gets dismantled, that is a negative for the auto industry.

Automotive

This company has done quite well. Auto production in the US has been very strong for the past year. Hurricanes in October-November, added a bit of additional demand. Auto parts suppliers tend to all trade at low multiples. She expects we will not see much in higher unit sales in the US. Growth has to come from Europe, and maybe China. We have NAFTA coming up, and those negotiations have not been progressing. If NAFTA gets dismantled, that is a negative for the auto industry.

Automotive
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$73.820
Owned Owned
Unknown

HOLD
Magna Int'l. (A)(MG-T) 

January 2, 2018

Close to its all-time high, but it looks like a stock that could go higher. For him, it has to get through the $76 level. He would continue to Hold. If he didn't own, he would be a buyer.

Automotive

Close to its all-time high, but it looks like a stock that could go higher. For him, it has to get through the $76 level. He would continue to Hold. If he didn't own, he would be a buyer.

Automotive
Elliot Fishman

Director, US & International E...

PricePrice
$71.500
Owned Owned
Unknown

BUY
Magna Int'l. (A)(MG-T) 

January 2, 2018

Thinks the industrial space is going to do well in 2018. It goes with the whole global growth phenomena that is occurring. You are going to have a lot of demand from economies across the world. This is the kind of company that should be able to benefit from this. The stock is cheap on pretty much every metric you can look at. Nice dividend. They are buying back shares. Dividend yield of 2%.

Automotive

Thinks the industrial space is going to do well in 2018. It goes with the whole global growth phenomena that is occurring. You are going to have a lot of demand from economies across the world. This is the kind of company that should be able to benefit from this. The stock is cheap on pretty much every metric you can look at. Nice dividend. They are buying back shares. Dividend yield of 2%.

Automotive
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$71.500
Owned Owned
Unknown

BUY
Magna Int'l. (A)(MG-T) 

December 29, 2017

Chart shows a fairly decent up channel from early 2016. The question is, will we break above the old high. Because the up channel is so well-established, he thinks there is a decent chance of breaking out above the old highs. The last 2 days of price declines are still way above the middle of the up-channel. This is a buying opportunity.

Automotive

Chart shows a fairly decent up channel from early 2016. The question is, will we break above the old high. Because the up channel is so well-established, he thinks there is a decent chance of breaking out above the old highs. The last 2 days of price declines are still way above the middle of the up-channel. This is a buying opportunity.

Automotive
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$71.240
Owned Owned
Unknown

SELL ON STRENGTH
Magna Int'l. (A)(MG-T) 

December 27, 2017

Linamar (LNR-T)  vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

Automotive

Linamar (LNR-T)  vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

Automotive
Geoff Scott

Institutional Portfolio Manager, Cambridge Global Ass...

PricePrice
$72.110
Owned Owned
Yes

COMMENT
Magna Int'l. (A)(MG-T) 

December 15, 2017

A lot of his customers are worried about NAFTA. It has been dragging on for so long, and meanwhile this company keeps hitting new highs every other day. Feels it is starting to be valued as if NAFTA is going to go away. They have lots of European business which he wouldn't be concerned about. Has a fabulous balance sheet. If they are worried about the N.A. market, they can totally go into any other country and make a really big acquisition. Even if NAFTA is thrown out, investors just like certainty. They can't really value things properly because they don't know what is going to happen. This company could go either way. This will pass over time and they will just keep growing.

Automotive

A lot of his customers are worried about NAFTA. It has been dragging on for so long, and meanwhile this company keeps hitting new highs every other day. Feels it is starting to be valued as if NAFTA is going to go away. They have lots of European business which he wouldn't be concerned about. Has a fabulous balance sheet. If they are worried about the N.A. market, they can totally go into any other country and make a really big acquisition. Even if NAFTA is thrown out, investors just like certainty. They can't really value things properly because they don't know what is going to happen. This company could go either way. This will pass over time and they will just keep growing.

Automotive
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$72.070
Owned Owned
Unknown

PAST TOP PICK
Magna Int'l. (A)(MG-T) 

December 15, 2017

(A Top Pick Dec 9/16. Up 20%.) Chose this because he thought it was overreacting to NAFTA concerns and to peak auto. It is still cheap trading at 7.5X versus 10X its US peers. He models 8% per share growth. It's a good balance sheet for M&A. Still a good name to be owning.

Automotive

(A Top Pick Dec 9/16. Up 20%.) Chose this because he thought it was overreacting to NAFTA concerns and to peak auto. It is still cheap trading at 7.5X versus 10X its US peers. He models 8% per share growth. It's a good balance sheet for M&A. Still a good name to be owning.

Automotive
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$72.070
Owned Owned
Yes

COMMENT
Magna Int'l. (A)(MG-T) 

December 11, 2017

One of Canada’s biggest industrial companies. Relatively cheap at 11 or 12 times earnings, a 30% discount to the market. They are positioned to participate in both driverless and electric vehicles, and will get that share of the business. He is not overly concerned about the affect of NAFTA on this company.

Automotive

One of Canada’s biggest industrial companies. Relatively cheap at 11 or 12 times earnings, a 30% discount to the market. They are positioned to participate in both driverless and electric vehicles, and will get that share of the business. He is not overly concerned about the affect of NAFTA on this company.

Automotive
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$72.050
Owned Owned
Yes

COMMENT
Magna Int'l. (A)(MG-T) 

December 7, 2017

Recently sold this at around $70. This is mainly over a few concerns. Is the auto cycle starting to peak and decelerate a little? Secondly, where are the NAFTA talks going to go? Still a pretty cheap name from a fundamental standpoint, trading at about 9X Forward Earnings, but from a risk perspective, he would rather own other names.

Automotive

Recently sold this at around $70. This is mainly over a few concerns. Is the auto cycle starting to peak and decelerate a little? Secondly, where are the NAFTA talks going to go? Still a pretty cheap name from a fundamental standpoint, trading at about 9X Forward Earnings, but from a risk perspective, he would rather own other names.

Automotive
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$71.540
Owned Owned
No

COMMENT
Magna Int'l. (A)(MG-T) 

December 6, 2017

A great, well-managed company with low debt. Pays a decent dividend and has increased it over time. At 8X forward earnings, it’s not cheap enough for him. Whether cars are gasoline or electric, they will still be there.

Automotive

A great, well-managed company with low debt. Pays a decent dividend and has increased it over time. At 8X forward earnings, it’s not cheap enough for him. Whether cars are gasoline or electric, they will still be there.

Automotive
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$70.330
Owned Owned
No

COMMENT
Magna Int'l. (A)(MG-T) 

December 5, 2017

This is back to where it was about 2 years ago. The company has quite a bit of exposure to Europe, which is very encouraging. That is where a lot of gains are coming from. Unfortunately, the NAFTA negotiations are still a big question mark. It’s a name he is reluctant to own. Every time he has looked at it, he has thought it a bit overvalued.

Automotive

This is back to where it was about 2 years ago. The company has quite a bit of exposure to Europe, which is very encouraging. That is where a lot of gains are coming from. Unfortunately, the NAFTA negotiations are still a big question mark. It’s a name he is reluctant to own. Every time he has looked at it, he has thought it a bit overvalued.

Automotive
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$70.320
Owned Owned
No

BUY
Magna Int'l. (A)(MG-T) 

November 30, 2017

(Market Call Minute)  He likes it.  It has a good global footprint.  High ROE and a good capital return to shareholder strategy.  If it has become outsized in your portfolio, don’t be shy about taking profits.

Automotive

(Market Call Minute)  He likes it.  It has a good global footprint.  High ROE and a good capital return to shareholder strategy.  If it has become outsized in your portfolio, don’t be shy about taking profits.

Automotive
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$72.370
Owned Owned
Yes

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