Martinrea

MRE-T

TSE:MRE

14.58
0.56 (3.99%)
Martinrea International Inc. develops and produces metal parts, assemblies, modules, fluid-management systems and complex aluminum parts, primarily for the automotive sector.
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Analysis and Opinions about MRE-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 20, 2019
Not safe, because they're a car parts-maker that is directly tied to the wider economy. It's a tough business that's getting tougher, because of radical changes in the industry. For example, car makes trucks now, not cars. The companies are merging and getting out of production, which hurts suppliers like MRE. Demand? His kids don't drive cars, for example. Also, e-cars don't need MRE's parts, and e-car production will accelerate.
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Martinrea (MRE-T)
August 20, 2019
Not safe, because they're a car parts-maker that is directly tied to the wider economy. It's a tough business that's getting tougher, because of radical changes in the industry. For example, car makes trucks now, not cars. The companies are merging and getting out of production, which hurts suppliers like MRE. Demand? His kids don't drive cars, for example. Also, e-cars don't need MRE's parts, and e-car production will accelerate.
TOP PICK
TOP PICK
August 12, 2019
A value play, though auto parts are out of favour. MRE have been growing their margins very well in recent years. They are the least-exposed to Asia (are North American-focussed) vs. its peers. MRE is focussed on "light weighting" aluminium parts for cars to make the cars of the big carmakers lighter which promotes fuel efficiency in those cars. Trades at a cheap 4x earnings, the cheapest in over a decade. Good balance sheet and are buying back shares. (Analysts’ price target is $16.71)
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Martinrea (MRE-T)
August 12, 2019
A value play, though auto parts are out of favour. MRE have been growing their margins very well in recent years. They are the least-exposed to Asia (are North American-focussed) vs. its peers. MRE is focussed on "light weighting" aluminium parts for cars to make the cars of the big carmakers lighter which promotes fuel efficiency in those cars. Trades at a cheap 4x earnings, the cheapest in over a decade. Good balance sheet and are buying back shares. (Analysts’ price target is $16.71)
DON'T BUY
DON'T BUY
April 2, 2019
Struggles with the auto companies in general. Decided to avoid them because of disruption in the space. For example, Lyft has a much bigger market cap than Ford. If more people ride-share, fewer cars are sold, but Martinrea makes parts for cars.
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Martinrea (MRE-T)
April 2, 2019
Struggles with the auto companies in general. Decided to avoid them because of disruption in the space. For example, Lyft has a much bigger market cap than Ford. If more people ride-share, fewer cars are sold, but Martinrea makes parts for cars.
PAST TOP PICK
PAST TOP PICK
December 28, 2018
(A Top Pick Jan 05/18, Down 32%) The auto parts sector is slowing and there is concern about lease financing. He sees Lyft, Uber and mass transit is having a long term impact on the industry.
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Martinrea (MRE-T)
December 28, 2018
(A Top Pick Jan 05/18, Down 32%) The auto parts sector is slowing and there is concern about lease financing. He sees Lyft, Uber and mass transit is having a long term impact on the industry.
DON'T BUY
DON'T BUY
December 11, 2018
She doesn't follow this closely. She owns nothing in auto parts, because the U.S. auto cycle has likely peaked and things in Europe are slowing.
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Martinrea (MRE-T)
December 11, 2018
She doesn't follow this closely. She owns nothing in auto parts, because the U.S. auto cycle has likely peaked and things in Europe are slowing.
DON'T BUY
DON'T BUY
November 28, 2018
Considering the GM plant shutdown He held auto parts stocks for several years until the spring. He no lonege own this. This sector has had poor price momentum, and he sees continued pressure even after NAFTA being resolved. It's cheap at 5x PE. Has the weaker balance sheet vs. Magna and Linamar.
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Martinrea (MRE-T)
November 28, 2018
Considering the GM plant shutdown He held auto parts stocks for several years until the spring. He no lonege own this. This sector has had poor price momentum, and he sees continued pressure even after NAFTA being resolved. It's cheap at 5x PE. Has the weaker balance sheet vs. Magna and Linamar.
PAST TOP PICK
PAST TOP PICK
October 11, 2018

(A Top Pick Oct 6/17, Down 2%) He sold it back in July. There were great concerns regarding NAFTA.

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Martinrea (MRE-T)
October 11, 2018

(A Top Pick Oct 6/17, Down 2%) He sold it back in July. There were great concerns regarding NAFTA.

BUY
BUY
October 4, 2018

Stick with it. They benefit from the NAFTA deal this week. Cheap. The best player in aluminum use in lightweight cars. Margins rising. Trading at 7x forward earnings. They're doing a good job. Their price is the best of the group.

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Martinrea (MRE-T)
October 4, 2018

Stick with it. They benefit from the NAFTA deal this week. Cheap. The best player in aluminum use in lightweight cars. Margins rising. Trading at 7x forward earnings. They're doing a good job. Their price is the best of the group.

COMMENT
COMMENT
July 24, 2018

All three of the auto parts makers--Martinrea, Linamar (LNR-T) and Magna (MG-T) are at significant risk if the US imposes its auto tariff. Setting aside the risk, MRE ranks better in his database than the other two. He sold MRE and LNR in order to lock in his profits as the price declined. He may soon sell Magna. He will not consider buying them until their prices start to improve.

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Martinrea (MRE-T)
July 24, 2018

All three of the auto parts makers--Martinrea, Linamar (LNR-T) and Magna (MG-T) are at significant risk if the US imposes its auto tariff. Setting aside the risk, MRE ranks better in his database than the other two. He sold MRE and LNR in order to lock in his profits as the price declined. He may soon sell Magna. He will not consider buying them until their prices start to improve.

COMMENT
COMMENT
July 24, 2018

Of the three Canadian auto parts makers, MRE is #3. After some struggle, MRE has been running well the past five years. It lacks the leading edge technology of its peers. All three are being effected by politics (Trump's tariff threats). He owns Linamar instead. MRE is cheap now, but these companies are fighting current headlines. That said, he likes the stock. It has good fundamentals.

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Martinrea (MRE-T)
July 24, 2018

Of the three Canadian auto parts makers, MRE is #3. After some struggle, MRE has been running well the past five years. It lacks the leading edge technology of its peers. All three are being effected by politics (Trump's tariff threats). He owns Linamar instead. MRE is cheap now, but these companies are fighting current headlines. That said, he likes the stock. It has good fundamentals.

PAST TOP PICK
PAST TOP PICK
July 6, 2018

(A Top Pick March 30, 2017. Up 32%). Trade talks have hurt the auto parts companies. However, Martinrea has as much production in the US and Mexico as Canada. This is one of the cheapest stocks in Canada. The trade dispute fears are baked into the price.

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Martinrea (MRE-T)
July 6, 2018

(A Top Pick March 30, 2017. Up 32%). Trade talks have hurt the auto parts companies. However, Martinrea has as much production in the US and Mexico as Canada. This is one of the cheapest stocks in Canada. The trade dispute fears are baked into the price.

TOP PICK
TOP PICK
June 5, 2018

Has a low multiple, 6.7x, compared to the market. E-cars and NAFTA are two worries, but MRE has 41% of its production facilities are in the U.S. and sells 35-40% of its production to America. MRE has little NAFTA exposure. (Analysts' price target: $20.50)

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Martinrea (MRE-T)
June 5, 2018

Has a low multiple, 6.7x, compared to the market. E-cars and NAFTA are two worries, but MRE has 41% of its production facilities are in the U.S. and sells 35-40% of its production to America. MRE has little NAFTA exposure. (Analysts' price target: $20.50)

SELL
SELL
May 25, 2018

It was lagging for a while, then picked up over $16. It's done really well. He sold his shares too early. But with NAFTA worries, he'd trim holdings now.

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Martinrea (MRE-T)
May 25, 2018

It was lagging for a while, then picked up over $16. It's done really well. He sold his shares too early. But with NAFTA worries, he'd trim holdings now.

BUY
BUY
May 8, 2018

He loves this stock. It moved up a while ago and keeps firing on all cylinders. He read a research report recently that indicated an upside of $27--assuming the demand for cars stays strong.

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Martinrea (MRE-T)
May 8, 2018

He loves this stock. It moved up a while ago and keeps firing on all cylinders. He read a research report recently that indicated an upside of $27--assuming the demand for cars stays strong.

DON'T BUY
DON'T BUY
April 9, 2018

Exceptional world class business. He finds auto parts challenging. However they are well run and are a good performing stock.

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Martinrea (MRE-T)
April 9, 2018

Exceptional world class business. He finds auto parts challenging. However they are well run and are a good performing stock.

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