Magna Int'l. (A)

MG-T

TSE:MG

60.83
0.61 (0.99%)
Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada.
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Analysis and Opinions about MG-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
May 17, 2019
(A Top Pick Jul 10/18, Down 24%) They had a lousy Q1. They overpaid an acquisition in China. They had a write-down elsewhere. Good managers, but the market didn't cut them a break over these mistakes. They still generate a lot of free cash flow and he expects heavy share buybacks to come. This is a screaming buy.
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(A Top Pick Jul 10/18, Down 24%) They had a lousy Q1. They overpaid an acquisition in China. They had a write-down elsewhere. Good managers, but the market didn't cut them a break over these mistakes. They still generate a lot of free cash flow and he expects heavy share buybacks to come. This is a screaming buy.
DON'T BUY
DON'T BUY
May 15, 2019
He recommended it last December, but the chart has since deteriorated and is still finding a floor. He's now cautious. Resistance is at $62. He wants to see more volume before he reconsiders.
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He recommended it last December, but the chart has since deteriorated and is still finding a floor. He's now cautious. Resistance is at $62. He wants to see more volume before he reconsiders.
DON'T BUY
DON'T BUY
May 14, 2019

The stock has taken a hit since they reported weaker earnings, but they are a global operator and pay a decent yield. He owns no car stocks; it's a tough sector with trade tensions overhanging it. He slightly prefers Martinrea.

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The stock has taken a hit since they reported weaker earnings, but they are a global operator and pay a decent yield. He owns no car stocks; it's a tough sector with trade tensions overhanging it. He slightly prefers Martinrea.

DON'T BUY
DON'T BUY
May 9, 2019
We were seeing an extended cycle for the autos. Now we are seeing some erosion in sales. We are almost at the support level. It looks like we are in a head and shoulders pattern. He would not look at it.
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We were seeing an extended cycle for the autos. Now we are seeing some erosion in sales. We are almost at the support level. It looks like we are in a head and shoulders pattern. He would not look at it.
DON'T BUY
DON'T BUY
May 8, 2019
He sold it last fall because the auto cycle is maturing (sales have peaked in North America where Magna has one-third of its business), and Magna was having trouble with a joint venture in China where it's hard to enforce contracts. True, the stock has bounced back since he sold last fall, but he'd still be out.
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He sold it last fall because the auto cycle is maturing (sales have peaked in North America where Magna has one-third of its business), and Magna was having trouble with a joint venture in China where it's hard to enforce contracts. True, the stock has bounced back since he sold last fall, but he'd still be out.
WEAK BUY
WEAK BUY
May 6, 2019
Like the chart. It broke below its 20-day moving average. It had a hammer pattern last year that flushed out a lot of weak hands/investors. It's now testing $71-72. If it slips below that, it will fall to $67. Falling to $61 is not a good sign. You can buy it now and happily hold it for a year.
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Like the chart. It broke below its 20-day moving average. It had a hammer pattern last year that flushed out a lot of weak hands/investors. It's now testing $71-72. If it slips below that, it will fall to $67. Falling to $61 is not a good sign. You can buy it now and happily hold it for a year.
BUY
BUY
April 30, 2019
It's broken past its consolidation and he's bullish about it.
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Magna Int'l. (A) (MG-T)
April 30, 2019
It's broken past its consolidation and he's bullish about it.
HOLD
HOLD
April 24, 2019
He owns it and is glad to see it having a good year. It trades at 8 times earnings -- cheap he thinks. If you are looking at a balanced portfolio, this is good to include. He is not ecstatic about the auto space, he still likes owning it. They sell parts to all the manufacturers.
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Magna Int'l. (A) (MG-T)
April 24, 2019
He owns it and is glad to see it having a good year. It trades at 8 times earnings -- cheap he thinks. If you are looking at a balanced portfolio, this is good to include. He is not ecstatic about the auto space, he still likes owning it. They sell parts to all the manufacturers.
DON'T BUY
DON'T BUY
April 15, 2019
It's late in the cycle for Magna, though it's done very well. They are vulnerable to an auto war/tariffs, and it faces Tesla and other tech competitors that are coming.
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Magna Int'l. (A) (MG-T)
April 15, 2019
It's late in the cycle for Magna, though it's done very well. They are vulnerable to an auto war/tariffs, and it faces Tesla and other tech competitors that are coming.
DON'T BUY
DON'T BUY
April 11, 2019
Owned this for years, but sold it last October because its valuation got too high. Magna also had problems with a join venture in China, which is difficult to resolve. Add to that the auto cycle is plateauing.
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Magna Int'l. (A) (MG-T)
April 11, 2019
Owned this for years, but sold it last October because its valuation got too high. Magna also had problems with a join venture in China, which is difficult to resolve. Add to that the auto cycle is plateauing.
BUY
BUY
April 9, 2019
He recommended this in December and likes it here. $75 will be an important resistance test. He likes this chart and the auto space. His target is $77-80 to May/June when you could take some profits.
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He recommended this in December and likes it here. $75 will be an important resistance test. He likes this chart and the auto space. His target is $77-80 to May/June when you could take some profits.
DON'T BUY
DON'T BUY
April 5, 2019
In a trading zone. A dividend grower. He would not be a buyer right now as it is lacking any trending action. It needs to move above $73 until he would be interested.
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In a trading zone. A dividend grower. He would not be a buyer right now as it is lacking any trending action. It needs to move above $73 until he would be interested.
DON'T BUY
DON'T BUY
March 25, 2019
A good company with big cash reserves and fine performance, but there's a lot of negativity in auto parts now. He doubts the stock will rise in the near future, but historically, they survive these down trends and do things like share buybacks. MG could be on his radar down the line.
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Magna Int'l. (A) (MG-T)
March 25, 2019
A good company with big cash reserves and fine performance, but there's a lot of negativity in auto parts now. He doubts the stock will rise in the near future, but historically, they survive these down trends and do things like share buybacks. MG could be on his radar down the line.
DON'T BUY
DON'T BUY
March 13, 2019
He keeps watching it. Great balance sheet. They've been growing their dividend this cycle, but auto sales have rolled over. Magna is still making good money, but trading at 7-8x earnings because the market believes that the auto companies are rolling over; production and sales have rolled over. He's cautious about it. He may buy it 10-15% lower.
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Magna Int'l. (A) (MG-T)
March 13, 2019
He keeps watching it. Great balance sheet. They've been growing their dividend this cycle, but auto sales have rolled over. Magna is still making good money, but trading at 7-8x earnings because the market believes that the auto companies are rolling over; production and sales have rolled over. He's cautious about it. He may buy it 10-15% lower.
WEAK BUY
WEAK BUY
March 11, 2019
Head and shoulders chart and now at the head. Beware of the top, but beyond that he likes this chart.
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Magna Int'l. (A) (MG-T)
March 11, 2019
Head and shoulders chart and now at the head. Beware of the top, but beyond that he likes this chart.
PAST TOP PICK
PAST TOP PICK
March 7, 2019
(A Top Pick Feb 06/18, Up 1%) You get the diversification when you own this. They are well positioned to where future growth is coming from. He continues to own it. It is not expensive and you get a reasonable dividend.
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(A Top Pick Feb 06/18, Up 1%) You get the diversification when you own this. They are well positioned to where future growth is coming from. He continues to own it. It is not expensive and you get a reasonable dividend.
DON'T BUY
DON'T BUY
February 28, 2019
It is cheap trading at 8 times forward earnings. Slowing global auto production levels could affect them. 53% of the sales come from the Detroit 3. We are late cycle. Not something he wants to own. Technically doesn't look good. Deep cyclical company.
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Magna Int'l. (A) (MG-T)
February 28, 2019
It is cheap trading at 8 times forward earnings. Slowing global auto production levels could affect them. 53% of the sales come from the Detroit 3. We are late cycle. Not something he wants to own. Technically doesn't look good. Deep cyclical company.
DON'T BUY
DON'T BUY
February 27, 2019
It is showing good value today, but he worries that the auto cycle is coming to an end. He thinks there will be better buying opportunities in the next few years. The turnaround has been impressive, but the timing is not right.
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Magna Int'l. (A) (MG-T)
February 27, 2019
It is showing good value today, but he worries that the auto cycle is coming to an end. He thinks there will be better buying opportunities in the next few years. The turnaround has been impressive, but the timing is not right.
BUY
BUY
February 27, 2019
You need to own Magna or Linamar, cheap names. Yes, they're cyclical and there's talk of auto sales rolling over and e-cars, but he doesn't believe those fears. These companies continue to put up impressive numbers and are still growing 5% on the topline. They're well-run and diversified. He's not worried about this sector. Insiders are buying their own stocks. Linamar has a great CEO.
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Magna Int'l. (A) (MG-T)
February 27, 2019
You need to own Magna or Linamar, cheap names. Yes, they're cyclical and there's talk of auto sales rolling over and e-cars, but he doesn't believe those fears. These companies continue to put up impressive numbers and are still growing 5% on the topline. They're well-run and diversified. He's not worried about this sector. Insiders are buying their own stocks. Linamar has a great CEO.
SELL
SELL
February 26, 2019
Sold it last fall because the auto cycle has peaked here and in Europe. They also have problems with a Chinese joint venture that could become thorny. Their margins were under pressure, partly due from the steel/aluminum tariffs. There's more risk than reward here. He's impressed by the stock, but it's time to lighten up on this.
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Magna Int'l. (A) (MG-T)
February 26, 2019
Sold it last fall because the auto cycle has peaked here and in Europe. They also have problems with a Chinese joint venture that could become thorny. Their margins were under pressure, partly due from the steel/aluminum tariffs. There's more risk than reward here. He's impressed by the stock, but it's time to lighten up on this.
COMMENT
COMMENT
February 26, 2019
Will this benefit when trade issues are resolved? Yes, but Magna is so diversified and large that e-cars will have a greater impact. Auto sales have been in a lull. PE's are low. Pays a good dividend and stock buyback program.
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Magna Int'l. (A) (MG-T)
February 26, 2019
Will this benefit when trade issues are resolved? Yes, but Magna is so diversified and large that e-cars will have a greater impact. Auto sales have been in a lull. PE's are low. Pays a good dividend and stock buyback program.
BUY
BUY
February 22, 2019
It's not the most gentle chart with an uptrend-downtrend-base pattern. We're probably now breaking out of a base now around $70. If it breaks upwards here it's very bullish.
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Magna Int'l. (A) (MG-T)
February 22, 2019
It's not the most gentle chart with an uptrend-downtrend-base pattern. We're probably now breaking out of a base now around $70. If it breaks upwards here it's very bullish.
PAST TOP PICK
PAST TOP PICK
February 14, 2019
(A Top Pick Jan 18/18, Down 6%) Nothing has really shaken his conviction on it. Price momentum has been the knock on it recently. It is really cheap and a best in class auto parts company. 23% return on equity. They have a solid balance sheet. They are right as an activist target. He likes it. It is a solid holding.
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Magna Int'l. (A) (MG-T)
February 14, 2019
(A Top Pick Jan 18/18, Down 6%) Nothing has really shaken his conviction on it. Price momentum has been the knock on it recently. It is really cheap and a best in class auto parts company. 23% return on equity. They have a solid balance sheet. They are right as an activist target. He likes it. It is a solid holding.
BUY WEAKNESS
BUY WEAKNESS
February 7, 2019
The auto and auto sector rolled over early last year with a mid-cycle slow down. This sector is relatively outperforming now. He thinks we have seen a turn. We need a pull back. Then they will perform well over the next year.
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Magna Int'l. (A) (MG-T)
February 7, 2019
The auto and auto sector rolled over early last year with a mid-cycle slow down. This sector is relatively outperforming now. He thinks we have seen a turn. We need a pull back. Then they will perform well over the next year.
DON'T BUY
DON'T BUY
February 4, 2019
The auto cycle will be challenged for a while, and it's going through massive change with e-cars. This will reduce the capacity of existing car parts plants or close some of them down. These are serious storm clouds on the horizon.
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Magna Int'l. (A) (MG-T)
February 4, 2019
The auto cycle will be challenged for a while, and it's going through massive change with e-cars. This will reduce the capacity of existing car parts plants or close some of them down. These are serious storm clouds on the horizon.
HOLD
HOLD
February 1, 2019
Auto stocks are all cheap. He owns Linamar, which is cheaper and he thinks has more upside in a recovery. Auto sales are flat. The stock's recovering with the market. These stocks are incredibly cheap. If you own it, hold on to it, it has room to go higher as the market gets more comfortable with the overall economic outlook.
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Magna Int'l. (A) (MG-T)
February 1, 2019
Auto stocks are all cheap. He owns Linamar, which is cheaper and he thinks has more upside in a recovery. Auto sales are flat. The stock's recovering with the market. These stocks are incredibly cheap. If you own it, hold on to it, it has room to go higher as the market gets more comfortable with the overall economic outlook.
TOP PICK
TOP PICK
January 25, 2019
Well-run though cyclical. MG says that if car sales remain flat for the next three years, MG will generate of 35% of current market cap in free cash flow (after paying dividends). They will continue to buy back stock. They've doubled the dividend. Cheap valuation. (Analysts’ price target is $78.30)
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Magna Int'l. (A) (MG-T)
January 25, 2019
Well-run though cyclical. MG says that if car sales remain flat for the next three years, MG will generate of 35% of current market cap in free cash flow (after paying dividends). They will continue to buy back stock. They've doubled the dividend. Cheap valuation. (Analysts’ price target is $78.30)
DON'T BUY
DON'T BUY
January 24, 2019
The trend is down. If it break down he might hold if owned.
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Magna Int'l. (A) (MG-T)
January 24, 2019
The trend is down. If it break down he might hold if owned.
SELL STRENGTH
SELL STRENGTH
January 21, 2019
The December period was bad in that the bottom fell out. We have electrification and lots of other things happen in the next decade. He would let it try to rally for you and sell into strength.
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Magna Int'l. (A) (MG-T)
January 21, 2019
The December period was bad in that the bottom fell out. We have electrification and lots of other things happen in the next decade. He would let it try to rally for you and sell into strength.
DON'T BUY
DON'T BUY
January 9, 2019
Wouldn't buy it now, though used to be a core holding. Sold it last year. Concern that auto sales cycle has rolled over. Reticent to invest in auto sector in general, and Magna in particular.
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Magna Int'l. (A) (MG-T)
January 9, 2019
Wouldn't buy it now, though used to be a core holding. Sold it last year. Concern that auto sales cycle has rolled over. Reticent to invest in auto sector in general, and Magna in particular.
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