STOCKCHASE

(Top Pick Feb 17/11, down 22.88%) Still owns it and loves it. GM now looks interesting to him also. MG has no debt and if there is a cyclical rally going forward he would probably play it that way.

2012-02-09

Comment

41.420

This has always been a company with thin margins. What happens if demand goes down in Europe (they are in that market). Also, new leadership has some people concerned. A weak euro will mean fewer profits. However, he is looking at this company now because of the change in leadership.

2012-01-31

Comment

37.280

Bill Carrigan

Things global growth is on track and the US economy is turning. So this is a company that he likes. Chart is not over convincing. Shows an A B C and he wants the current price to be a low.

2012-01-06

PAST TOP PICK

34.200

(A TOP PICK Feb 17/11. Down 37.85%.) Still likes and is at a good level. Even if we scratch around at 2% world growth, this company will do well.

2012-01-04

TOP PICK

36.120

(A Top Pick Jan 5/11. Down 8.09%.) Model price is $53.33, a 50% upside.

2011-12-02

BUY

40.190

Brooke Thackray

This is the time when industrial stocks should tend to do well. One of his favourite sectors. MG fits the bill. Right now it’s in good shape.

2011-10-27

TOP PICK

37.350

(Top Pick Nov 10/10, Down 23.78%) Badly neaten up and taken back to almost the 2008 scenario. Market is saying we are into a deep recession in 2012, which he does not believe. Good value, 8x earnings lots of cash. Some issue with fixing business in Europe but he is confident they will fix it.

2011-10-26

PAST TOP PICK

37.200

(Top Pick October 27/10, Down 16.41%) He got out and made some money. This was one that be moved out of in the spring to raise cash. Thinks auto space is good one to be in during this recovery.

2011-10-25

BUY

37.470

Colin Stewart

One of the more stable auto parts manufacturers. Very strong balance sheet with a lot of cash. Very cheap. Has just been buying himself.

2011-10-18

BUY

37.360

Don Vialoux

Chart shows nice support at about $36. It is important that this stock is going sideways in a really rotten market. Relative strength is positive. Seasonally, this stock does very well around this time of year. In a tight trading range right now, and once it starts to move out of that, look for a pretty good move.

2011-10-07

PAST TOP PICK

34.800

(A Top Pick Sept 24/10. Down 10.29%.) Had a 2 for 1 stock split in November. Still a Buy.

2011-09-27

WAIT

35.500

Likes the auto industry, specifically while there are concerns around the economy. As a result of 2008 there are fewer cars coming off lease so a used car is relatively expensive. If you look at Japan’s spring, there is a shortage of parts. There are now fewer parts suppliers and they are more powerful there. He owns two auto part US companies. Auto should perform better of economy gets a little bit better. Business is currently strong in North America. Wait until the market behaves a bit better before getting into it.

2011-09-13

DON'T BUY

37.190

Ross Healy

Has settled back to book value. It’s neither expensive nor cheap so it is a difficult stock. If we do get a double dip recession or slow down, it is hard to figure what kind of driver would push this one higher. Nothing would compel him to sell it.

2011-08-31

DON'T BUY

35.100

We have been going through an economic recovery and this period is beginning to look like the 70s where there are shorter recoveries followed up with cyclical declines in the market. He has been reducing his exposure to economically sensitive companies.

2011-08-18

PARTIAL BUY

38.480

Barry Schwartz

Trading at an ultra cheap valuation. Terrific balance sheet. Good history of raising dividends. The problem is their exposure to Europe and possible weaker car sales in the US. Might not be a bad idea to start accumulating.

2011-08-11

DON'T BUY

38.350

Colin Stewart

Doesn't clearly love the automobile industry. Cheap. You have to be cautious that they have significant manufacturing operations in Canada and the strong Cdn$ could hurt.

2011-08-09

BUY

38.350

John O'Connell, CFA

A buy at these levels. Likes where we are in the car cycle and they are well positioned. You may have problems in the consumer spending area but the fleet on the road is getting old. Prefers to GM.

2011-08-09

BUY

38.800

Gavin Graham

Got whacked today because it was not as profitable as expected but there had been a production slowdown last year. However, it is profitable and he expects there has been an overreaction.

2011-08-05

PAST TOP PICK

45.310

(Top Pick July 29/10, Up 17.72) Probably bottoming and should be bought.

2011-08-03

HOLD

43.740

The general view is that this company is very good at making the auto industry more efficient. If you own, it would be worthwhile to be patient with it.

2011-08-02

TOP PICK

47.550

(A Top Pick July 20/10. Up 30.65%.) With a slowdown in auto-parts because of the Japanese disaster in the first quarter, this company fell in sync with the auto companies slow down. Good potential for growing market share in content per vehicle. $60 target.

2011-07-26

PAST TOP PICK

50.250

(A Top Pick June 22/10. Up 45.52%.) Still likes.

2011-07-13

TOP PICK

51.410

Bought new position today. Likes prospects for Auto cycle because people have not being buying cars so will have to eventually. We will get through supply disruptions in Japan. They can continue to make acquisitions that are accretive. Well priced and has gone through a consolidation and will move higher with the group.

2011-06-28

Comment

48.230

Andrew McCreath

Very well positioned. Have a great balance sheet. Decent yield. There are some challenges that we have to see to get some clear sailing in the stock. European margins where disappointing last quarter and are they going to pick up? Understands that Mr. Stronach is now out of the stock. Feels this would be a better buy than the auto companies.

2011-06-21

BUY

47.470

Bill Carrigan

Rallying out of an A B C correction. Very bullish. The industrial space is the place to be.

2011-06-17

BUY

45.150

People are buying cars again and therefore this company’s parts. Feels the US and European fears of a double dip are overplayed. Relatively attractive entry point.

2011-06-16

HOLD

43.870

Great story. Fundamentally undervalued. Expects to see a fairly sharp turn around in the auto industry. Looking for a strong ramp up in July and into the second half of the year. Trades at about 4X operating cash flow. Great play in here.

2011-06-13

BUY

48.400

Will benefit from demand for greater efficiency in the auto manufacturing field. Has come off and not a bad entry point. Transition from Frank Stronach and the multiple voting shares is an important development for them.

2011-05-16

DON'T BUY

43.990

Michael Sprung

Now dealing with only one class of shares. They will benefit more and more from outsourcing by car manufacturers. Have lately hit a few headwinds because of higher input costs. You could see a reasonable rate of return if you have a 3-5 year time horizon.

2011-04-19

DON'T BUY

43.910

Ross Healy

Had a disappointment which immediately cratered the stock. Has not been able to get its feet under it yet to get going. Auto sales, particularly in the US are no longer growing strongly. Auto stocks need to pull back to a safe level.

2011-04-15

BUY

43.970

Drop in stock price? Automotive sales seem to be coming under pressure from gasoline prices. It also had a huge run off the back of Mr. Stronach departing as the controlling shareholder. Low cost producer and will do very well as customers look for more efficiencies.

2011-04-13

HOLD

44.650

John O'Connell, CFA

Well run. Ownership change has been good. Car business is having a lull but there has been a lot of pent up demand for automotive purchases and this company will get its fair share. Cyclical business. Expects economy will continue to chug along. If stock gets into the high $30’s it would be a Buy.

2011-04-11

PAST TOP PICK

46.110

(A Top Pick March 31/10. Up 48.96%.) Got out on an 80% gain.

2011-04-07

TOP PICK

47.290

Bruce Campbell

Now at less than 10 times earnings. Autos are slowly coming on in the recovery. If it just goes back to where it was recently, that would be a nice profit.

2011-04-05

BUY

48.100

Mike S. Newton, CIM FCSI

Big fan of this one but got stopped out. This is a great entry point. The overhang on the stock has always been Frank Stronach’s ownership structure. Company is in great shape. Expansion into international markets is very strong.

2011-04-04

TOP PICK

47.190

Andrew McCreath

It’s a cheap stock. 10 times earnings. 2%+ yield. Global leader in its space. New management is going to re-jig the balance sheet. They are going spend their cash on shareholder accretive actions like share buy backs.

2011-03-30

BUY

48.750

Colin Stewart

Leading auto parts company in North America. A great way to play the auto industry recovery. Weak earnings report about a month ago.

2011-03-24

BUY

48.650

Model price is $65 - down a little bit from Jan and Feb of this year. He would accumulate a bit more.

2011-03-23

WEAK BUY

49.110

Douglas Kee

Long-term it is a well-managed company in an industry that is brutal and cyclical but they are very good at managing their costs. Thinks dividend will increase but only 5-10%. Don’t count on getting back to the old highs in numbers of autos.

2011-03-21

TOP PICK

48.870

Bruce Campbell

It reported its first quarter under new management and with Frank gone. They cleaned out a bunch of stuff and blamed it on the old management. The market peeled it back nicely on guidance. If oil goes to $120 he might sell it. 2% dividend and good growth. Have been spending money on the eCar initiative and either it is going to work or they are going to abandon it and either way we get higher earnings and they end up over delivering.

2011-03-10

TOP PICK

56.800

Model price is $72.16, a 27% positive differential. Thinks the stock is just pausing here.

2011-02-17

DON'T BUY

57.730

Christine Poole

Very good automotive parts company. She had difficulty buying when they paid Frank Stronach an egregious amount to get rid of him. Feels the auto recovery is underway. Wouldn’t Buy at this level. (See Top Picks.)

2011-02-14

TOP PICK

56.570

Ford reported some weak initial numbers in the beginning of the year and the stock pulled back a bit. Increasing market share and content per vehicle. Overall North American vehicle production market is growing. 13% revenue growth this year and 25% earnings growth. Very attractive valuation.

2011-02-10

HOLD

56.800

Likes auto part stocks. A good company and wouldn’t be put off because of the drop in Ford (F-N). Ford had a soft quarter because they were converting over to new products. Not a permanent impairment.

2011-02-03

BUY

58.500

There’s been a great turn in the auto sector. Looks like unit sales is going to head into the 12 million range this year from 9-10 million a the lower end to 13-14 million the year beyond that. Not expensive at 4X operating cash flow and 11X earnings.

2011-01-19

BUY on WEAKNESS

58.500

Ara Nalbandian

Auto parts companies have been really strong in terms of managing their balance sheet. Magna is in a position to make acquisitions. He doesn’t see it as a big growth stock. He would want a pull back to $50 for him to be interested.

2011-01-19

TOP PICK

58.760

On the verge of a 15 year high. Shows a model price is $77. Management still has a lot of work to improve the efficiency of their balance sheet. Analysts are increasing their earnings expectations.

2011-01-05

TOP PICK

51.520

Crushed earnings last 3 quarters in a row. Good cash balance. Good change in the voting structure and senior management. Auto sales are getting better.

2010-12-03

DON'T BUY

48.940

David Cockfield

Never had nerve to step into because of their situation. Have to like the auto space on a longer term basis and has been operating very well recently. Maybe that will continue, or maybe not. Feels auto sector is still in danger.

2010-11-12

BUY on WEAKNESS

48.940

Bruce Campbell

Just had a 2 for 1 stock split. Came to a point where it needed to consolidate and pull back for a while. If you like the auto sector, would prefer this over some of the others. Try to get at $45.

2010-11-12

TOP PICK

99.920

Knocked the ball out of the park for 3 consecutive quarters in earnings growth. Increased content per vehicle. Will try to improve margins in Europe.

2010-11-10

WAIT

99.920

Earnings are doing better; raised the dividend. Things are changing now. The board has to change before he will get into it. He likes the direction it is going.

2010-11-09

TOP PICK

92.060

Leading stocks in developing countries are in the automotive space. This company gets about 50% of the revenue in North America and outside. Blew away the most recent earnings period. Just hit $90 and 9 out of 10 stocks that do this end up at $100.

2010-10-27

TOP PICK

84.430

Bought after announcement of the discontinuance of the multiple shares structure. Even without any change in fundamentals of macro car sales, multiple discount will be eliminated. Still a lot more upside coming. Improved competitiveness in Europe and Asia.

2010-09-30

TOP PICK

81.200

Switched from dual share class to single class shares, which will now appeal to US investors. Just reported tremendous earnings. Blue-chip company with an impeccable balance sheet. Great amount of cash.

2010-09-24

TOP PICK

80.890

With the change in ownership, the multiples could trade at 50%-100% higher so the stock could go to $100 Plus with a reasonable auto industry outlook.

2010-08-09

TOP PICK

77.310

Brings in powerful investors. Has had a magnificent history. Frank gets paid what he gets paid.

2010-07-29

TOP PICK

75.920

Haven't owned this for many years. Contents per vehicle is higher. Rock solid balance sheet. The proposed transaction to buy out Frank Stronach’s multiple voting shares gives him confidence. If this gets done this company will get re-rated.

2010-07-20

SELL

71.480

Could never own this stock as long as Frank Stronach was involved. Can't stand how shareholders have been treated over the years. Continues to rape the company.

2010-07-09

DON'T BUY

66.200

Never owned because Frank Stronach pays himself too much and has too much control. He is not a big fan of what the Ontario securities commission is trying to do. Not a fan of the management style.

2010-07-06

TOP PICK

70.720

They were trading as little as half the multiple of the competitors. Would you rather be eliminating the class structure so the expense will never happen again or suffer through the next 30 years. The stock could be worth as much as $100 in the next year assuming auto market cooperates and the new single class structure.

2010-06-22

TOP PICK

72.560

Never liked the dual class structure and how it was managed but that is now set to change. Expect this will fundamentally change the valuation. Trading at about half the multiples of their major competitors. There could easily be a 50% upside. Has a lot of cash and a very clean balance sheet. Expects the 1% dividend will increase.

2010-05-21

DON'T BUY

63.610

Decided not to invest in this after looking at the earnings growth and valuations perspectives. He would reconsider at a lower price.

2010-04-12

TOP PICK

62.850

Feels there is upside and margin expansion to auto production. This one will be a beneficiary of Ford (F-N) winning market share.

2010-03-31

PARTIAL BUY

59.360

Haven't owned anything in the auto sector for a while but is warming up to it and looking at getting back in. Likes the consolidation in the industry. Getting better penetration into Europe. Have come through the auto crisis relatively well. Valuation is a little bit ahead of itself.

2010-02-01

SELL

50.790

Ara Nalbandian

A lot of the auto parts company have had significant runs because they have kept their balance sheets low in debt. Also the stimulus in the auto sector has been of benefit to them. At this point they have run a little bit too far and he would suggest taking profits. Would prefer Linamar (LNR-T) on a pullback.

2009-08-19

BUY

52.470

Mike S. Newton, CIM FCSI

Has had a substantial move. If you own, continue to Hold but follow-up with the stop/loss order of about 15%.

2009-08-11

Comment

43.670

Benj Gallander

Not a big fan of this company. It is a huge red flag when management gets way too much compensation. Overall it should do well because it is a leader in its sector. Balance sheet is pretty good. Would be more comfortable with the company whose management was not greedy.

2009-06-12

BUY

43.770

Mike S. Newton, CIM FCSI

Thinks you can actually buy this one now.

2009-06-11

DON'T BUY

36.160

Rick Stuchberry

Part of the problem is that they are bidding on Opel and people are leery about how successful they will be. The automobile sector is in rough shape. It will take some time for sales to pick up.

2009-05-28

Comment

43.420

Prefers owning companies that are run for the benefit of the shareholder. Even so, it is the best run and best quality auto parts company.

2009-05-06

SELL

42.900

Charles Lannon

(Market Call Minute) Cheap stock but atrocious corporate governance.

2009-04-23

WAIT

42.900

It is a survivor. Balance sheet is in better shape and cost structure is in better shape. Unless everyone is going to extend the life of the car substantially, car sales have to pick up. First Quarter could be miserable.

2009-04-23

Comment

35.640

(Market Call Minute.) If you had to be in the auto business, this is probably the best way to do it.

2008-12-15

DON'T BUY

35.720

Laura Wallace

The whole auto industry is difficult to forecast an even more difficult for parts suppliers. Could be more downside.

2008-11-11

DON'T BUY

39.450

Doesn't like the executive compensation of this company so has never owned the stock. Auto industry has always been cyclical.

2008-11-06

BUY

70.610

Ross Healy

Trading at its “average price to book” long-term low, which makes it very cheap. His Fair Market Value is more than double the current price. Has good potential. Would buy it as a Trade.

2008-06-05

PARTIAL BUY

78.510

Larry Berman CFA, CMT, CTA

He has a model price of $89 giving and 11% or 12% positive differential. Even with the negative news on the auto industry, their earnings are still hanging in there.

2008-02-27

DON'T BUY

75.060

Jean-Francois Tardif

Auto business is a very difficult industry in mature markets like North America and Europe. This company mainly provides parts to these markets. Stock is trading at about BV. Have a clean balance sheet so in tough times they will outperform the others. Can't see how you can make a lot of money out of this stock with the economy the way it is and the outlook.

2008-01-03

DON'T BUY

81.310

John O'Connell, CFA

People are worried about the automobile cycle in general. They are also worried about the unionization that may be taking affect in this company. On top of that, there is a controlling shareholder that calls all the shots and you have no vote.

2007-12-10

TOP PICK

92.920

Chris Smith

Continues to deliver well above expectations. Last 2 quarters have been blow away numbers. Into an arrangement with Russian Machines, which he feels could be very good for them.

2007-08-30

SELL

89.110

Michael Sprung

He is trying to understand the deal with the Russians and where control of the company is ultimately going to go. Not sure what good this will do for the minority shareholders.

2007-08-10

TOP PICK

96.800

Bill Carrigan

stop loss $90 Under owned, Chart bottoms make a dip, and tops are flat. Good indicator.

2007-06-13

WAIT

98.620

Peter Brieger

Potential to become a major parts supplier in Russia, but he would wait and see how that works out.

2007-06-04

DON'T BUY

94.300

At this level, the risk/reward is not compelling enough. There is some excitement building in the automotive area with new products coming out, but on the consumer side, not sure sales will be fabulous.

2007-01-17

DON'T BUY

92.000

His model price is around the current stock price. Recently sold his holdings.

2006-12-21

Comment

92.000

Larry Berman CFA, CMT, CTA

Doing well because its competitors are all falling by the wayside. The best run auto company in North America and Europe.

2006-12-05

HOLD

89.950

Robert Floyd

Difficult business right now.

2006-12-01

WAIT

84.510

The good thing about this stock is that with all the bad news that has gone through the car sector, it didn’t break the 52-week low area. There’s still a lot ofe overhead in his mind regarding the auto sector. Near the top of a trading range, so wouldn’t buy here, but if it pulled back to the lower end, it would be a good buying opportunity.

2006-11-02

DON'T BUY

79.570

Veronika Hirsch

A very well managed company. Unfortunately, the timing is not great as the car industry is not doing well.

2006-08-29

SELL

83.030

Laura Wallace

The auto parts manufacturers, particularly in Canada, are going to have a very difficult time with what is happening to the North American auto industry. General Motors and Ford are going to get costs under their system and their suppliers will be the first place they look.

2006-02-07

DON'T BUY

87.030

Bill MacLachlan

There are questions about their operations as well as the industry they are in as well as the sustainability of the earnings level.

2006-01-10

BUY

80.960

This one looks cheap to him.

2005-12-21

DON'T BUY

79.900

Ron Meisels

Having major problems. Had a high in 2004 and ever since it has been down and up and down and up with the downs and ups being lower than their previous ones.

2005-12-15

BUY

78.390

Gavin Graham

A big supplier to the big three. However, it's getting a bigger share of the smaller number of cars being sold. It's also starting to make complete cars in Europe. Coming out of the end of this tunnel, it's going to be in a much stronger position.

2005-12-05

DON'T BUY

82.620

Paul Harris, CFA

Doesn't like the industry that they are involved with. There's a real issue in the over capacity in the car industry.

2005-11-02

SELL

80.050

You have to be very careful of industries that can't rally in a bull market. A very well run company, but if you're selling into a difficult market, it's difficult to see how you make money.

2005-10-26

DON'T BUY

80.900