Magna Int'l. (A)
MG-T
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About Magna Int'l. (A) (MG-T)
Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada.
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Opinion
Expert
BUY
BUY
November 20, 2019
Despite fears of recession and slow down, we have seen a nice turnaround over the last 8 weeks in autos. MG-T has little exposure to China trade issues. It pays a nice dividend and has a free cash flow yield of 13%. He expects an acceleration in manufacturing is coming and there is strong consumer spending. Yield 2.6%
Despite fears of recession and slow down, we have seen a nice turnaround over the last 8 weeks in autos. MG-T has little exposure to China trade issues. It pays a nice dividend and has a free cash flow yield of 13%. He expects an acceleration in manufacturing is coming and there is strong consumer spending. Yield 2.6%
Automotive
BUY
BUY
November 8, 2019
Auto parts are always cyclical and volatile. MG is probably the best auto parts company in the world. He thinks the auto space is improving, despite the GM strike. He just bought more for his clients.
Auto parts are always cyclical and volatile. MG is probably the best auto parts company in the world. He thinks the auto space is improving, despite the GM strike. He just bought more for his clients.
Automotive
TOP PICK
TOP PICK
October 21, 2019
The auto and auto parts industries will do well. Magna has 320 manufacturing locations in 30 countries. 2.8% dividend with extremely good dividend coverage. They have lots of free cash flow. 17% growth forecast for next year. (Analysts’ price target is $76.17)
The auto and auto parts industries will do well. Magna has 320 manufacturing locations in 30 countries. 2.8% dividend with extremely good dividend coverage. They have lots of free cash flow. 17% growth forecast for next year. (Analysts’ price target is $76.17)
Automotive
WATCH
WATCH
October 18, 2019
Automotive
BUY
BUY
September 23, 2019
It is an incredibly well run company. They make reasonable profits. Their customers are very happy with them. It is a well diversified company and they make great returns on their capital. They generate a lot of free cash flow. They are very disciplined on that. The risk is that they have no control over the auto cycle. Their margins can get quite compressed. MG-T feels they will have a higher content on electric cars than internal combustion cars.
It is an incredibly well run company. They make reasonable profits. Their customers are very happy with them. It is a well diversified company and they make great returns on their capital. They generate a lot of free cash flow. They are very disciplined on that. The risk is that they have no control over the auto cycle. Their margins can get quite compressed. MG-T feels they will have a higher content on electric cars than internal combustion cars.
Automotive
HOLD
HOLD
September 20, 2019
Well run with good management. A cyclical business, where car sales are flattening globally. Statistically cheap right now. There may be a 6 month trade in this. A further slowing in the economy, would not hurt this stock materially. He would look for only $3-$4 per share upside before taking profit.
Well run with good management. A cyclical business, where car sales are flattening globally. Statistically cheap right now. There may be a 6 month trade in this. A further slowing in the economy, would not hurt this stock materially. He would look for only $3-$4 per share upside before taking profit.
Automotive
DON'T BUY
DON'T BUY
September 4, 2019
He sold it a year ago with concerns about the economy slowing and the auto cycle peaking. Also, Magna has a dispute with an Asian joint-venture deal. And the steel tariffs didn't help. They produce things cheaply in Mexico, but sell few products down there, which is a negative, vulnerable to protectionism.
He sold it a year ago with concerns about the economy slowing and the auto cycle peaking. Also, Magna has a dispute with an Asian joint-venture deal. And the steel tariffs didn't help. They produce things cheaply in Mexico, but sell few products down there, which is a negative, vulnerable to protectionism.
Automotive
DON'T BUY
DON'T BUY
August 28, 2019
Long term? The auto cycle peaked and is declining. Don't own it for the yield, because auto stocks are cyclical. Be cautious here. Swings in valuation mean, don't hold these stocks for a long time, but trade them. He avoids the car space.
Long term? The auto cycle peaked and is declining. Don't own it for the yield, because auto stocks are cyclical. Be cautious here. Swings in valuation mean, don't hold these stocks for a long time, but trade them. He avoids the car space.
Automotive
PAST TOP PICK
PAST TOP PICK
August 26, 2019
(A Top Pick Sep 05/18, Down 6%) Trades at 7x earnings. cash easily cover its dividend. it's a growth cyclical stock. The auto space is turning over, but he expects only a mild downturn. Over the next three years, MG will generate cash flow equal to a third of the company. Pays a 3% dividend. Still likes it.
(A Top Pick Sep 05/18, Down 6%) Trades at 7x earnings. cash easily cover its dividend. it's a growth cyclical stock. The auto space is turning over, but he expects only a mild downturn. Over the next three years, MG will generate cash flow equal to a third of the company. Pays a 3% dividend. Still likes it.
Automotive
HOLD
HOLD
August 14, 2019
If you are a long term investor, this is the premium stock in the auto part space.
If you are a long term investor, this is the premium stock in the auto part space.
Automotive
DON'T BUY
DON'T BUY
August 13, 2019
The autopart space has likely peaked in the US on an annual growth basis. She would stay away.
The autopart space has likely peaked in the US on an annual growth basis. She would stay away.
Automotive
BUY
BUY
August 8, 2019
They just reported results. They had to trim their guidance. They will probably not do wrong by their shareholders. They buy 5% of their shares back annually. Their payout ratio is only about 20%. They know what they are doing. 7 or 8 times forward earnings. You have to have a long term outlook.
They just reported results. They had to trim their guidance. They will probably not do wrong by their shareholders. They buy 5% of their shares back annually. Their payout ratio is only about 20%. They know what they are doing. 7 or 8 times forward earnings. You have to have a long term outlook.
Automotive
HOLD
HOLD
July 24, 2019
There has been a slow down in the global auto market -- especially in China. It looks reasonably valued at only 6 times earnings and a yield of 3%. It trades at 1.3 times book. He would continue to hold.
There has been a slow down in the global auto market -- especially in China. It looks reasonably valued at only 6 times earnings and a yield of 3%. It trades at 1.3 times book. He would continue to hold.
Automotive
WEAK BUY
WEAK BUY
July 18, 2019
Missed earnings last quarter. Lower 2019 volumes. Concern that new technology will elevate costs. Only 1% EPS growth. Exceptionally cheap at 6x. Really good over the long term, if not the next year. (Analysts’ price target is $72.11)
Missed earnings last quarter. Lower 2019 volumes. Concern that new technology will elevate costs. Only 1% EPS growth. Exceptionally cheap at 6x. Really good over the long term, if not the next year. (Analysts’ price target is $72.11)
Automotive
DON'T BUY
DON'T BUY
July 12, 2019
Among Canadian car-parts-makers, they have the most exposure to Daimler, which just issued a weak earnings report. This sector appear to have bottomed, so maybe consider it now. He prefers Linamar, which is cheaper (offers a lower valuation) and it is not purely into cars, but also some industrial production.
Among Canadian car-parts-makers, they have the most exposure to Daimler, which just issued a weak earnings report. This sector appear to have bottomed, so maybe consider it now. He prefers Linamar, which is cheaper (offers a lower valuation) and it is not purely into cars, but also some industrial production.
Automotive
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