Martinrea

MRE-T

TSE:MRE

12.68
0.24 (1.86%)
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
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
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