| BUY | 70.610 | Ross Healey | 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 | Brian Acker, CA | 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 | Larry Berman CFA, CMT, CTA | 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 | Brian Acker, CA | His model price is around the current stock price. Recently sold his holdings. | 2006-12-21 | |
| Comment | 92.000 | Norman Levine | 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 | Larry Berman CFA, CMT, CTA | 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 | Brian Acker, CA | 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 | David Burrows | 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 | David Baskin | The odds of a General Motors (GM-N) or Ford (F-N) going bankrupt kind of increase day by day. If they do a deal in order to shed their union liabilities, a side affect will be that a company like Magna will get stiffed on their accounts receivable. Of course they'll still build cars and will need parts. | 2005-10-24 | |
| TOP SHORT | 79.870 | Ron Meisels | Had a tremendous move, but back in the middle of 2004, it started to top out and has had nothing but problems ever since. It could have another little rally and that would be your opportunity to sell it if you own. | 2005-10-17 | |
| DON'T BUY | 90.420 | Paul Harris, CFA | There's massive overcapacity in this industry. 60% of their contracts are with Ford (F-N) and General Motors (GM-N). | 2005-08-12 | |
| TOP SHORT | 90.240 | Ron Meisels | Either shorting or buying a PUT. Had a top formation. There are 2 mountains ('02 and '04) and it couldn't get above its previous high. Had a negative channel and finally had a breakdown from the 200 day moving average. | 2005-07-07 | |
| WEAK BUY | 80.120 | Jim O'Shaughnessy | Good dividend for income investors but he doesn't like the price movement over the last year. You would have to look at this as a value name rather than a growth name. | 2005-05-09 | |
| WAIT | 77.190 | David Taylor, MBA, CFA | Talked to a couple of auto parts manufacturers and they are hurting quite bad. Production cuts by the big 3 will hurt Magna. Inventory levels are high. A superbly run company and an absolute must in a portfolio when it reaches a bootom. | 2005-04-25 | |
| TOP PICK | 86.960 | John Zechner | Although the auto sector has only grown at less than a 2% rate in the '90's, Magna has managed a 17% annual rate. Have a great cash position. Trading at about 9.5 X earnings and 4 X cash flow. Has dropped but looks like it is finding a support level. | 2005-03-09 | |
| PAST TOP PICK | 92.490 | John Zechner | (A Top Pick Dec 21/04. Down 5%.) Still a good story. Stable. There's been a negative bend on autos right now because of shut downs in the US. Continues to deliver. Still a good place to have your money. | 2005-02-14 | |
| SELL | 94.300 | Danny Tomka | Business seems to be reasonably good, but the raw material prices have been rising, there is cost pressure on margins from the big 3, big 3 are losing market share to the Japanese. Sees modest growth. | 2005-01-26 | |
| BUY | 95.310 | Brian Acker, CA | Quant model shows the stock to be inexpensive. Fair market Value is about $102. Probably under pressure a bit because of the stronger Cdn$. | 2005-01-18 | |
| TOP PICK | 97.790 | John Zechner | (A Top Pick Nov11/04. Up 3%.) Not bullish on autos, but they have diversified well. Generating a lot of cash. A lot of protection in the valuation of the stock. Likes what they are doing in terms of the market share and the structure of bringing in the subsiduary operations. | 2004-12-21 | |
| WEAK BUY | 95.080 | Gavin Graham | Terrible numbers are coiming out of Ford and General Motors which is not great news for auto parts suppliers however, they are getting more out of each individual car. However if autos don't do well next year, Magna will not do well either. | 2004-12-13 | |
| WEAK BUY | 97.500 | Brian Acker, CA | Earnings estimates are dropping along with his model price which is $102 now. Fundamentals are weakening. | 2004-11-30 | |
| DON'T BUY | 95.460 | Ron Meisels | Would almost consider shorting. Not behaving well. | 2004-11-16 | |
| TOP PICK | 93.850 | John Zechner | Even though the auto industry is not growing, they have grown at 15%. Well diversified into Europe. Likes the restructuring. | 2004-11-11 | |
| BUY | 93.850 | Bob Stodgell | The automotive business couldn't be in much worse shape but they are scratching out their work. Will be a big part of automotive going forward. A value player will find the price appealing. | 2004-11-11 | |
| BUY | 93.800 | Martin Hubbes, CFA | A reasonable entry point. Auto sales are not going to go higher, so Magna has to get the content per vehicle up. The next challenge is to penetrate the Asian car manufacturer. | 2004-11-05 | |
| DON'T BUY | 83.950 | David Burrows | Would not invest when it is falling. A great business, but auto industry is in a very difficult spot. | 2004-10-25 | |
| DON'T BUY | 86.670 | Laura Wallace | Generally avoid any subordinate voting shares. Auto parts manufacturers face a problem with the rising Cdn$ and high steel costs. Auto inventories are high. | 2004-10-20 | |
| DON'T BUY | 88.670 | James Cole, BA, CFA | Auto parts industry is going through a difficult period because of higher steel prices. Stock has dropped enough to give a reasonable rate of return, but prefers its subsiduary, Tesma International. | 2004-10-18 | |
| DON'T BUY | 87.600 | Glenn Paradis, BA, CFA | Auto cycle is having a tough time. Steel pricing is going to be a deterant on profitability. Well run company. Expects it could drop down to the $70/75 range. | 2004-10-14 | |
| DON'T BUY | 90.510 | Paul Harris, CFA | A good company. There are some corporate governance issues they don't look. | 2004-10-12 | |
| BUY | 94.140 | Michael Sprung | Stock has dropped because of market concerns on auto parts manufacturers. A very good price. Taking steps to diversify. | 2004-09-28 | |
| BUY | 95.000 | John Sinkins, CFA | Looks vary cheap at 10 X PE. 3% dividend. The key will be the health of the auto industry. | 2004-09-13 | |
| BUY on WEAKNESS | 95.000 | Matt Baillie | Has dropped substantially because GM says inventories are high, sales are weak and the industry might have peaked out. Higher interest rates are a problem. Would consider at $90. | 2004-09-09 | |
| VAGUE | 106.700 | Norman Levine | Doesn't like the way shareholders are treated although it is the best auto parts company in North America. | 2004-07-19 | |
| BUY | 114.890 | Michael Sprung | Feels that the momentum towards outsourcing is going to continue. Can participate in a significant way on a worldwide scale. Earnings prospects going forward are quite good. | 2004-06-21 | |
| BUY on WEAKNESS | 104.590 | Rob Callander | Has been a terrific player and will probably continue to be a terrific player. Will continue to increase its market share of the component part of the manufacturing business. | 2004-05-10 | |
| TOP PICK | 105.220 | John Zechner | Increasing their penetration. It's in strong European acquisitions in the last few years. Valuations are cheaper than a lot of their US competitors. Great story. | 2004-03-03 | |
| DON'T BUY | 104.530 | David Burrows | Auto parts are not performing particularly well. A well-run company and have done a great job in increasing their content per vehicle but, with the sector been out of favor, it could be tough. | 2004-02-24 | |
| DON'T BUY | 104.260 | David Chapman | Made a top last August. Since then, has been trying to climb back up again but has failed. A breakdown through $100 could easily send this down to $85 today. Charts show the breakdown is now underway. | 2004-02-13 | |
| TOP PICK | 105.930 | Gavin Graham | Well-run company. Gaining market share within each car that is made. 13 X earnings. | 2004-01-14 | |
| BUY on WEAKNESS | 104.120 | Peter Brieger | Will continue to increase their percentage of each vehicle produced. Buy on any 5% pullback. | 2003-12-30 | |
| TOP PICK | 100.000 | Gavin Graham | This is a play on increasing penetration of the big three. Lower car sales are not a problem as they are getting more of each car. Making acquisitions in Europe. | 2003-11-19 | |
| DON'T BUY | 102.300 | Richard Stone | Everything looks good, the balance sheet, the income statement, operations, etc. Not sure that demand for autos will continue. Margins could be squeezed. | 2003-10-29 | |
| DON'T BUY | 107.090 | Laura Wallace | Have recently spun off their non-autos part of the business. Well-run company. Any reservations would be on the ownership structure and the future for auto sales. | 2003-10-15 | |
| BUY on WEAKNESS | 99.340 | Peter Brieger | Because the auto industry is in a bit of difficulty, they are holding off on Magna. Buy at around $90/92. | 2003-10-08 | |
| HOLD | 99.040 | Peter Arender, CFA | Just spun off a realty division, which made their balance sheets look more attractive. | 2003-10-01 | |
| TOP PICK | 100.000 | John Zechner | Generates great cash, has a great balance sheet, getting good industry penetration, decent growth in Europe and relatively good valuation. | 2003-09-23 | |
| HOLD | 102.000 | Richard Stone | Margins could eventually start to be squeezed by the automobile manufacturers. | 2003-09-10 | |
| DON'T BUY | 102.360 | Laura Wallace | Spinoff is good for shareholders. Great company. Too high right now. | 2003-07-23 | |
| DON'T BUY | 90.150 | Eric Bushell | One of the best global auto parts companies. Concerned about the softness in auto production. Balance sheet is solid. Too expensive right now. | 2003-05-28 | |
| BUY | 83.250 | Robert Floyd | Strong management. Content per vehicle is an important aspect. Good price. | 2003-04-25 | |
| TOP PICK | 85.990 | Nereo Piticco | A very cheap stock. Steady earnings. Will participate in any economic recovery. | 2003-04-23 | |
| BUY | 79.200 | Nereo Piticco | Very cheap, but unlikely to change unless there's an increase in automobile sales. | 2003-03-18 | |
| DON'T BUY | 78.000 | David Burrows | Auto sector is poor. A strong business, but has some milestones it has to hit over the next year. | 2003-03-17 | |
| TOP PICK | 77.920 | Mike Weir | Should grow because of growth of outsourcing trend. | 2003-03-05 | |
| BUY | 82.250 | Gordon Higgins, CA, MBA, CFA | 10 X earnings. Good long term hold. | 2003-03-03 | |
| DON'T BUY | 83.070 | Peter Brieger | Likes the company and the price is good, but would like to wait and see what the auto industry is like in the next 6 months. | 2003-02-07 | |
| BUY | 85.020 | Nereo Piticco | Good, profitable company. A good long term hold. | 2003-01-27 | |
| BUY | 86.500 | John Zechner | Under 10 X earnings. New projects on the go. Good price. | 2003-01-21 | |
| BUY on WEAKNESS | 89.300 | Jonathen Wellum, B. Comm, B. Sc | Good company. Try to get in the mid 80's or lower. | 2003-01-10 | |
| PAST TOP PICK | 94.630 | Michael Sprung | (Was a top pick on Sep 10. Down 7.4%) Still likes and would buy more at this price. 10 X earnings. | 2003-01-06 | |
| BUY | 86.910 | Ted Macklin | Good company. Has a global presence. | 2002-12-23 | |
| PAST TOP PICK | 84.720 | Bruce Campbell | (Was a top pick on Aug 14. Down 18%) Auto sales may be running out of steam. | 2002-12-11 | |
| TOP PICK | 84.750 | Michael Sprung | Growing their content per vehicle. Trading at 10 X earnings. | 2002-12-09 | |
| PAST TOP PICK | 85.890 | Bruce Campbell | (Was a top pick on Aug 14. Down 6.6%.) Still likes. Have reduced their holdings somewhat. Auto sales may drop. 8 X earnings. | 2002-11-07 | |
| HOLD | 84.310 | Richard Stone | Well run. Solid balance sheet. Not sure consumers will continue to buy autos. | 2002-11-05 | |
| TOP PICK | 89.630 | Michael Sprung | A leader in their sector. Good price. | 2002-10-21 | |
| BUY | 87.930 | Vincent Delisle | 8 X earnings. A good stock for long term hold. | 2002-10-17 | |
| DON'T BUY | 81.980 | Richard Stone | The auto market has been flooded. Can't see an incrrease in auto sales. | 2002-10-10 | |
| WAIT | 79.500 | Rob Callander | Still has growth prospects, but may decline somewhat. | 2002-10-09 | |
| TOP PICK | 90.320 | Kim Shannon | Good yield. Low financial risk. A lot of cash. | 2002-09-30 | |
| TOP PICK | 87.510 | Nereo Piticco | Cheap. Good earnings power. Auto market continues to be robust. | 2002-09-24 | |
| PAST TOP PICK | 91.880 | John Zechner | (Was a top pick on June 6. Down 8%) Still likes. | 2002-09-19 | |
| BUY | 99.620 | Clos Olsson | Should be a good long term hold. | 2002-09-13 | |
| TOP PICK | 98.750 | Michael Sprung | | 2002-09-10 | |
| TOP PICK | 93.730 | Bruce Campbell | Good price. 9 X earnings. | 2002-08-15 | |
| PAST TOP PICK | 90.600 | Glenn Paradis, BA, CFA | (Was a top pick on Apr 1. Down 22%) Still likes. 8 X earnings. | 2002-07-19 | |
| BUY | 95.250 | Gavin Graham | Selling at 11 X. Good long term. | 2002-07-11 | |
| PAST TOP PICK | 99.210 | Mark Jackson, CFA | (Was a top pick on Feb 5. Up 1%) Still likes. | 2002-07-09 | |
| WAIT | 99.900 | Richard Stone | Sold at $120. Great company. A lot of cash. Expects some changes in acquisitions. | 2002-07-02 | |
| TOP PICK | 100.910 | Glenn Paradis, BA, CFA | Attractive entry point. Well managed. | 2002-06-27 | |
| TOP PICK | 102.650 | John Zechner | Likes their business model. | 2002-06-06 | |
| BUY | 101.050 | Ray Steele | Some weakness in US auto stocks, so has dropped on the market. There has also been some profit taking. A good long term holding. | 2002-06-04 | |
| BUY | 105.140 | Andrew McCreath | World class company. In a pause. Buy as a long term core holding. | 2002-06-03 | |
| DON'T BUY | 108.000 | Richard Stone | Great management. Fully valued now. | 2002-05-30 | |
| BUY | 108.510 | Brendan Kyne | Likes. Buy for the long term. Well run. | 2002-05-29 | |
| BUY | 111.800 | Brian Acker, CA | Could drop to $108, but likes the stock. | 2002-05-28 | |
Experts that have talked about Magna Int'l. (A)
