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Magna Int'l. (A) (MG-T) opinion on 2017-10-12

Last Price Recorded: 72.0700 on 2017-12-15

ON STOCKCHASE SINCE Oct 2000

Automotive
Automotive
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Stan Wong
Magna Int'l. (A) was $67.810 at time of opinion
Owned : Yes

Cheap. Bought his holdings when it was closer to 7X forward earnings, but it is now closer to 8.5 X. A very cyclical industry. Be prepared to own it during an expansionary period, and Sell before an economic downturn happens. There are some questions as to what will happen with changes to NAFTA, but so far it has held up well. Just announced they had joined a conglomerate with BMW and Intel to develop a fully autonomous driving system by 2021. Because they have such a wide portfolio of products and services, automakers are going to consolidate purchases and go with a name like this, rather than the 2nd or 3rd largest type of company. Not sure he would buy at this valuation, but maybe let it calm down a little. 2% dividend yield.

OPTIMISTIC

All opinions for MG-T (808)

186 BUY
35 BUY on WEAKNESS
138 COMMENT
86 DON'T BUY
67 HOLD
7 PARTIAL BUY
3 PARTIAL SELL
91 PAST TOP PICK
11 SELL
1 SELL ON STRENGTH
5 STRONG BUY
121 TOP PICK
1 VAGUE
29 WAIT
16 WATCH
11 WEAK BUY
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All opinions for MG-T (808)

186 BUY
35 BUY on WEAKNESS
138 COMMENT
86 DON'T BUY
67 HOLD
7 PARTIAL BUY
3 PARTIAL SELL
91 PAST TOP PICK
11 SELL
1 SELL ON STRENGTH
5 STRONG BUY
121 TOP PICK
1 VAGUE
29 WAIT
16 WATCH
11 WEAK BUY
View All

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Add MG-T to Watch List

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