Magna Int'l. (A)

MG-T

TSE:MG

61.91
2.13 (3.33%)
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
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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