Martinrea

MRE-T

TSE:MRE

12.50
0.23 (1.87%)
Martinrea International Inc. develops and produces metal parts, assemblies, modules, fluid-management systems and complex aluminum parts, primarily for the automotive sector.
More at Wikipedia

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.
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.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$9.930
Owned
No
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)
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)
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$10.240
Owned
Yes
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.
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.
Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$12.510
Owned
No
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.
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.
Robert McWhirter
President, Selective Asset Management
Price
$10.680
Owned
No
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.
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.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$9.980
Owned
No
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.
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.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$10.730
Owned
No
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.

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.

Robert McWhirter
President, Selective Asset Management
Price
$12.000
Owned
No
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.

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.

John Zechner
Chairman, J. Zechner & Assoc
Price
$13.670
Owned
Unknown
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.

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.

Robert McWhirter
President, Selective Asset Management
Price
$13.600
Owned
No
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.

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.

Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$13.600
Owned
No
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.

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.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$13.710
Owned
Yes
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)

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)

William Chin
Portfolio manager, Caldwell Investment Management
Price
$15.170
Owned
Yes
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.

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.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$16.900
Owned
No
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.

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.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$17.190
Owned
Yes
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.

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.

Greg Dean
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$15.830
Owned
No
PAST TOP PICK
PAST TOP PICK
February 15, 2018

(A Top Pick Feb 13’17, Up 71.07%) It has always been a big winner. After the US election it was down. This one worked okay. He still believes in it.

Martinrea (MRE-T)
February 15, 2018

(A Top Pick Feb 13’17, Up 71.07%) It has always been a big winner. After the US election it was down. This one worked okay. He still believes in it.

John Zechner
Chairman, J. Zechner & Assoc
Price
$14.860
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 26, 2018

(A Top Pick Nov 23/17. Up 3%.) This is still very strong. It is going a little bit sideways. He still likes it. It is in a holding pattern going sideways after its big run up, and is in a "trend continuation" pattern.

Martinrea (MRE-T)
January 26, 2018

(A Top Pick Nov 23/17. Up 3%.) This is still very strong. It is going a little bit sideways. He still likes it. It is in a holding pattern going sideways after its big run up, and is in a "trend continuation" pattern.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$15.350
Owned
Yes
COMMENT
COMMENT
January 24, 2018

This has done phenomenally well. In the auto parts space, there is the big story of peak auto, with North American auto production going down. In Q4 production was down 6%. In this company's case, they have a nice ability of being able to grow because of cost cutting. They’ve really been executing on their business plan, and made a number of investments that are starting to pay off. She thinks the shares will go higher.

Martinrea (MRE-T)
January 24, 2018

This has done phenomenally well. In the auto parts space, there is the big story of peak auto, with North American auto production going down. In Q4 production was down 6%. In this company's case, they have a nice ability of being able to grow because of cost cutting. They’ve really been executing on their business plan, and made a number of investments that are starting to pay off. She thinks the shares will go higher.

Jennifer Radman
VP & Sr. Portfolio Manager, Caldwell Investment Management
Price
$15.470
Owned
Yes
DON'T BUY
DON'T BUY
January 15, 2018

It has taken off pretty significantly in the last number of months. Looking at the 10 year picture, it has broken out here. It would be bad news if it dropped back into the range it broke out of. It has to stay above $14 and then there will be room to the upside. This could waver a bit based on what happens with NAFTA.

Martinrea (MRE-T)
January 15, 2018

It has taken off pretty significantly in the last number of months. Looking at the 10 year picture, it has broken out here. It would be bad news if it dropped back into the range it broke out of. It has to stay above $14 and then there will be room to the upside. This could waver a bit based on what happens with NAFTA.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$15.460
Owned
Unknown
TOP PICK
TOP PICK
January 5, 2018

This has risen 30% since he talked about it Nov 15/17, but thinks it is still attractive. On March 1, they are expected to report a 31% increase in the year-over-year earnings. Trades at 5.4 enterprise value to EBITDA on a trailing basis against 15% EBITDA growth. Dividend yield of 0.8%. (Analysts' price target is $17.)

Martinrea (MRE-T)
January 5, 2018

This has risen 30% since he talked about it Nov 15/17, but thinks it is still attractive. On March 1, they are expected to report a 31% increase in the year-over-year earnings. Trades at 5.4 enterprise value to EBITDA on a trailing basis against 15% EBITDA growth. Dividend yield of 0.8%. (Analysts' price target is $17.)

Robert McWhirter
President, Selective Asset Management
Price
$15.950
Owned
Yes
HOLD
HOLD
December 29, 2017

Chart shows there has been a bit of a downtrend over the years, but starting in March of this year, it had a very, very healthy breakout. It is currently at the highest point it has reached in 5 years, which means it will probably go even higher. If he had to pick an exit point, it would probably $20 or $21, but it is really too early to say. If you own, keep riding the uptrend, and use a 10% Trailing Stop.

Martinrea (MRE-T)
December 29, 2017

Chart shows there has been a bit of a downtrend over the years, but starting in March of this year, it had a very, very healthy breakout. It is currently at the highest point it has reached in 5 years, which means it will probably go even higher. If he had to pick an exit point, it would probably $20 or $21, but it is really too early to say. If you own, keep riding the uptrend, and use a 10% Trailing Stop.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$16.040
Owned
Yes
SELL STRENGTH
SELL STRENGTH
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.

Martinrea (MRE-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.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$16.390
Owned
No
TOP PICK
TOP PICK
November 23, 2017

Because of the NAFTA overhang, this has had a very low valuation. However, it is a very good company. Has a very strong position in “light waiting”, the auto sector manufacturers that try to make cars lighter and lighter and be more energy efficient, but still strong. Margin improvement has been very good. In spite of the strong rise in the stock price, it is still cheap at 7X Forward Earnings. Dividend yield of 0.8%. (Analysts’ price target is $17.00.)

Martinrea (MRE-T)
November 23, 2017

Because of the NAFTA overhang, this has had a very low valuation. However, it is a very good company. Has a very strong position in “light waiting”, the auto sector manufacturers that try to make cars lighter and lighter and be more energy efficient, but still strong. Margin improvement has been very good. In spite of the strong rise in the stock price, it is still cheap at 7X Forward Earnings. Dividend yield of 0.8%. (Analysts’ price target is $17.00.)

William Chin
Portfolio manager, Caldwell Investment Management
Price
$14.970
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 6, 2017

(A Top Pick Nov 16/16. Up 88%.) If you have a cheap stock, just be patient with it. In this case, this was just a cheap stock trading at about 6 or 7 times earnings, 3 times operating cash flow.

Martinrea (MRE-T)
November 6, 2017

(A Top Pick Nov 16/16. Up 88%.) If you have a cheap stock, just be patient with it. In this case, this was just a cheap stock trading at about 6 or 7 times earnings, 3 times operating cash flow.

John Zechner
Chairman, J. Zechner & Assoc
Price
$13.000
Owned
Yes
TOP PICK
TOP PICK
October 6, 2017

They use Memex as real-time manufacturing software to improve productivity. Shares have gone up and there is more to come. Dividend yield of 1%. (Analysts’ price target is $15.50.)

Martinrea (MRE-T)
October 6, 2017

They use Memex as real-time manufacturing software to improve productivity. Shares have gone up and there is more to come. Dividend yield of 1%. (Analysts’ price target is $15.50.)

Robert McWhirter
President, Selective Asset Management
Price
$12.580
Owned
Yes
TOP PICK
TOP PICK
August 25, 2017

They are doing a great job. They ended up having earnings up 27% last report. They are the best earnings to date. The stock is cheap and attractive. (Analysts’ target: $15.50).

Martinrea (MRE-T)
August 25, 2017

They are doing a great job. They ended up having earnings up 27% last report. They are the best earnings to date. The stock is cheap and attractive. (Analysts’ target: $15.50).

Robert McWhirter
President, Selective Asset Management
Price
$10.700
Owned
Yes
COMMENT
COMMENT
August 21, 2017

It has done well. Auto parts. It is probably still good value here. They are gaining market share. His concern is the cycle nearing the end. He is concerned we are getting close to the end of the cycle. The business is being well managed.

Martinrea (MRE-T)
August 21, 2017

It has done well. Auto parts. It is probably still good value here. They are gaining market share. His concern is the cycle nearing the end. He is concerned we are getting close to the end of the cycle. The business is being well managed.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$10.700
Owned
Unknown
TOP PICK
TOP PICK
July 17, 2017

The valuation is better than others. He was out for a number of years while the auto industry went through some changes. They are a leader in lightweighting cars, in making cars more fuel efficient. (Analysts’ target: $14.00).

Martinrea (MRE-T)
July 17, 2017

The valuation is better than others. He was out for a number of years while the auto industry went through some changes. They are a leader in lightweighting cars, in making cars more fuel efficient. (Analysts’ target: $14.00).

Brendan Caldwell
President, Caldwell Securities
Price
$10.660
Owned
Yes
DON'T BUY
DON'T BUY
May 24, 2017

Linamar (LNR-T), Magna (MG-T) or Martinrea (MRE-T)? He doesn’t find the overall environment for auto parts manufacturers very constructive. US auto sales are at their highest levels, running north of 17 million units. This is the 2nd or 3rd year that has been going on. There is the NAFTA free trade agreement in question. Also, auto loans are coming into real focus, which in his view, are not very positive. There is some debate as to how these companies can move from an internal combustion engine to an electric car. This is too dangerous a time to be going in right now.

Martinrea (MRE-T)
May 24, 2017

Linamar (LNR-T), Magna (MG-T) or Martinrea (MRE-T)? He doesn’t find the overall environment for auto parts manufacturers very constructive. US auto sales are at their highest levels, running north of 17 million units. This is the 2nd or 3rd year that has been going on. There is the NAFTA free trade agreement in question. Also, auto loans are coming into real focus, which in his view, are not very positive. There is some debate as to how these companies can move from an internal combustion engine to an electric car. This is too dangerous a time to be going in right now.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$11.420
Owned
Unknown
HOLD
HOLD
April 4, 2017

Canadian auto parts supplier. This has had its struggles over the last decade or so and they’ve gone through a difficult restructuring period. They are impacted by the global level of vehicle demand, particularly in North America. The OEM inventory levels being carried now is higher, which means it will push back on the suppliers, which is an issue. The valuation is reasonable.

Martinrea (MRE-T)
April 4, 2017

Canadian auto parts supplier. This has had its struggles over the last decade or so and they’ve gone through a difficult restructuring period. They are impacted by the global level of vehicle demand, particularly in North America. The OEM inventory levels being carried now is higher, which means it will push back on the suppliers, which is an issue. The valuation is reasonable.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$9.690
Owned
Unknown
TOP PICK
TOP PICK
March 30, 2017

This one is cheap and has a little more operational leverage than the other two in the group. It has a reasonable return on equity. It is cheap on a price to earnings ratio. It is a reasonably cheap company with some operating leverage. (Analysts’ target: $13.00).

Martinrea (MRE-T)
March 30, 2017

This one is cheap and has a little more operational leverage than the other two in the group. It has a reasonable return on equity. It is cheap on a price to earnings ratio. It is a reasonably cheap company with some operating leverage. (Analysts’ target: $13.00).

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$10.140
Owned
Yes
COMMENT
COMMENT
March 21, 2017

In general, the US consumer is in pretty good shape. There has been a lot of concern in the last year that we are looking at possible peak auto for the cycle. It doesn’t look like that is the case, but auto parts companies and auto makers had a difficult time. The group that people were focused on within that sector were the auto parts retailers. In the last 2-3 months, the auto parts companies and some of the OEMs have started to come on. However, we do face a risk of some kind of border adjustment tax, and that could be risky for Canadian producers. He would prefer something like Delphi Automotive (DLPH-N).

Martinrea (MRE-T)
March 21, 2017

In general, the US consumer is in pretty good shape. There has been a lot of concern in the last year that we are looking at possible peak auto for the cycle. It doesn’t look like that is the case, but auto parts companies and auto makers had a difficult time. The group that people were focused on within that sector were the auto parts retailers. In the last 2-3 months, the auto parts companies and some of the OEMs have started to come on. However, we do face a risk of some kind of border adjustment tax, and that could be risky for Canadian producers. He would prefer something like Delphi Automotive (DLPH-N).

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$9.630
Owned
Unknown
COMMENT
COMMENT
March 13, 2017

He likes the auto parts manufacturers. This is probably the one with the most upside. It is kind of small and hasn’t done great except for a pop in the last month. They had some issues about management ability, etc., but overall it consistently earned an 8% ROC. If they just keep doing that, he shows significant upside, into the mid-teens.

Martinrea (MRE-T)
March 13, 2017

He likes the auto parts manufacturers. This is probably the one with the most upside. It is kind of small and hasn’t done great except for a pop in the last month. They had some issues about management ability, etc., but overall it consistently earned an 8% ROC. If they just keep doing that, he shows significant upside, into the mid-teens.

Matt Kacur
President, FSA Financial Science and Art
Price
$10.020
Owned
Unknown
DON'T BUY
DON'T BUY
February 16, 2017

CLS-T vs. MRE-T. It seems CLS-T has business picking up, but MRE-T is stuck in some kind of a glut that they can’t break out of. He refers CLS-T.

Martinrea (MRE-T)
February 16, 2017

CLS-T vs. MRE-T. It seems CLS-T has business picking up, but MRE-T is stuck in some kind of a glut that they can’t break out of. He refers CLS-T.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$8.920
Owned
Unknown
COMMENT
COMMENT
February 14, 2017

The auto space is battling the views that last year was a peak year for auto sales. A lot of people are thinking we are going to have a slowdown at some point. His view is that the consumer is improving globally. When he looks at a sector, he tends to look at securities that are acting the best. Picking a Canadian name, he would probably pick Linamar (LNR-T) or Magna (MG-T). However, the group is slowly improving. In a healthy market, the market should broaden, more and more stocks should participate, and this company looks like it has made the turn here. You are probably okay.

Martinrea (MRE-T)
February 14, 2017

The auto space is battling the views that last year was a peak year for auto sales. A lot of people are thinking we are going to have a slowdown at some point. His view is that the consumer is improving globally. When he looks at a sector, he tends to look at securities that are acting the best. Picking a Canadian name, he would probably pick Linamar (LNR-T) or Magna (MG-T). However, the group is slowly improving. In a healthy market, the market should broaden, more and more stocks should participate, and this company looks like it has made the turn here. You are probably okay.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$8.970
Owned
Unknown
TOP PICK
TOP PICK
February 13, 2017

There are worries about the auto sector, and this has been under additional pressure, but he likes the valuation. When you get a stock trading at 5 or 6 times forward earnings, and 3X operating cash flow, you are already assuming the worst. They have a lot of downside protection. He likes the operations. They probably have the best exposure to aluminum in the automobile, which is increasing. European operations are doing well. Capacity is increasing and they are getting higher margins from that. Dividend yield of 1.38%. (Analysts’ price target is $11.68.)

Martinrea (MRE-T)
February 13, 2017

There are worries about the auto sector, and this has been under additional pressure, but he likes the valuation. When you get a stock trading at 5 or 6 times forward earnings, and 3X operating cash flow, you are already assuming the worst. They have a lot of downside protection. He likes the operations. They probably have the best exposure to aluminum in the automobile, which is increasing. European operations are doing well. Capacity is increasing and they are getting higher margins from that. Dividend yield of 1.38%. (Analysts’ price target is $11.68.)

John Zechner
Chairman, J. Zechner & Assoc
Price
$8.700
Owned
Yes
COMMENT
COMMENT
February 7, 2017

He doesn’t know the financials, BV or the debt. Right now, with all the NAFTA agreements possibly being torn up, this company could be impacted. Any time companies are strongly impacted by changes, you have to think about what that is going to cost them. In this case, it may be negatively impacted. Things are way more in flux than before.

Martinrea (MRE-T)
February 7, 2017

He doesn’t know the financials, BV or the debt. Right now, with all the NAFTA agreements possibly being torn up, this company could be impacted. Any time companies are strongly impacted by changes, you have to think about what that is going to cost them. In this case, it may be negatively impacted. Things are way more in flux than before.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$8.350
Owned
No
DON'T BUY
DON'T BUY
December 30, 2016

The chart shows a definite trend of lower highs and lower lows. This is now in a downtrend, and he would not buy it.

Martinrea (MRE-T)
December 30, 2016

The chart shows a definite trend of lower highs and lower lows. This is now in a downtrend, and he would not buy it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$8.590
Owned
Unknown
COMMENT
COMMENT
December 29, 2016

Doesn’t like the general dynamics of this industry, because they tend to be very concentrated and very dependent upon 1 or 2 customers. He has avoided this one like the plague.

Martinrea (MRE-T)
December 29, 2016

Doesn’t like the general dynamics of this industry, because they tend to be very concentrated and very dependent upon 1 or 2 customers. He has avoided this one like the plague.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$8.680
Owned
No
COMMENT
COMMENT
December 23, 2016

He still likes this. It has been frustrating, particularly this year. People really seem to have priced the next auto downturn into the stock. Currently trading at 6X this year’s earnings and 5X next year’s. They are one of the best positioned for the increasing use of aluminum. Very strong management. Feels this is exceptionally cheap.

Martinrea (MRE-T)
December 23, 2016

He still likes this. It has been frustrating, particularly this year. People really seem to have priced the next auto downturn into the stock. Currently trading at 6X this year’s earnings and 5X next year’s. They are one of the best positioned for the increasing use of aluminum. Very strong management. Feels this is exceptionally cheap.

John Zechner
Chairman, J. Zechner & Assoc
Price
$8.510
Owned
Yes
HOLD
HOLD
December 14, 2016

An auto parts manufacturer. All these manufacturers are trading at pretty low multiples. Typically, it is a lower type multiple industry. An overhang on the group right now is that auto production has likely peaked at 18 million units. There are increasing incentives in a lot of the pickup truck space. Europe has been very slow to turn. A well run company, and you could probably hold it here longer-term. Potentially, the election could be a negative for the group.

Martinrea (MRE-T)
December 14, 2016

An auto parts manufacturer. All these manufacturers are trading at pretty low multiples. Typically, it is a lower type multiple industry. An overhang on the group right now is that auto production has likely peaked at 18 million units. There are increasing incentives in a lot of the pickup truck space. Europe has been very slow to turn. A well run company, and you could probably hold it here longer-term. Potentially, the election could be a negative for the group.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$8.430
Owned
No
COMMENT
COMMENT
December 13, 2016

This has a 1.4% dividend yield. The stock is getting a little better. The auto sector is improving. He would prefer something like General Motors (GM-N) which gives a 4% yield, with a dividend that will grow 20% a year for the next 3-4 years.

Martinrea (MRE-T)
December 13, 2016

This has a 1.4% dividend yield. The stock is getting a little better. The auto sector is improving. He would prefer something like General Motors (GM-N) which gives a 4% yield, with a dividend that will grow 20% a year for the next 3-4 years.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$8.560
Owned
Unknown
COMMENT
COMMENT
December 1, 2016

Magna (MG-T), Linamar (LNR-T) or Martinrea (MRE-T)? His preference has always been for Magna or Linamar, and as of late it has been for Linamar. This is certainly cheap here, but their plant is older and doesn’t quite have the oomph behind it that the other 2 do.

Martinrea (MRE-T)
December 1, 2016

Magna (MG-T), Linamar (LNR-T) or Martinrea (MRE-T)? His preference has always been for Magna or Linamar, and as of late it has been for Linamar. This is certainly cheap here, but their plant is older and doesn’t quite have the oomph behind it that the other 2 do.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$7.710
Owned
Unknown
TOP PICK
TOP PICK
November 16, 2016

They continue to deliver on earnings. Trading at 5X earnings. When you see that, it tells you that nobody believes there is any growth in the industry. They are paying down debt. Has great exposure to the growth of aluminum in the car. They’ve spent money on new platforms in the last couple of years, and are starting to reap the benefits. Probably not a lot of downside. The additional worry for them is the Trump election. They have plants in Mexico and do a lot of business with Ford (F-N). (Analysts’ price target is $11.11.)

Martinrea (MRE-T)
November 16, 2016

They continue to deliver on earnings. Trading at 5X earnings. When you see that, it tells you that nobody believes there is any growth in the industry. They are paying down debt. Has great exposure to the growth of aluminum in the car. They’ve spent money on new platforms in the last couple of years, and are starting to reap the benefits. Probably not a lot of downside. The additional worry for them is the Trump election. They have plants in Mexico and do a lot of business with Ford (F-N). (Analysts’ price target is $11.11.)

John Zechner
Chairman, J. Zechner & Assoc
Price
$7.020
Owned
Yes
COMMENT
COMMENT
November 4, 2016

In the last week, most auto parts companies have reported, and this one had an OK quarter. These stocks react very quickly to a changing business mix and sales, because they are all exposed to the different manufacturers in different weights and different parts and different margins. When we are seeing auto sales at the 17-18 million units a year, are we at peak auto? He would be cautious on this.

Martinrea (MRE-T)
November 4, 2016

In the last week, most auto parts companies have reported, and this one had an OK quarter. These stocks react very quickly to a changing business mix and sales, because they are all exposed to the different manufacturers in different weights and different parts and different margins. When we are seeing auto sales at the 17-18 million units a year, are we at peak auto? He would be cautious on this.

Michael Sprung
President, Sprung Investment Management
Price
$7.130
Owned
No
DON'T BUY
DON'T BUY
October 31, 2016

MG-T is his goto name, but he likes the auto parts cycle, although you have to be selective.

Martinrea (MRE-T)
October 31, 2016

MG-T is his goto name, but he likes the auto parts cycle, although you have to be selective.