Martinrea

MRE-T

TSE:MRE

12.70
0.20 (1.60%)
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
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
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