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Martinrea Stock Symbol: MRE-T

Notes:working to build "space frames" for autos

Definition:auto parts

Last Price Recorded: $7.7100 on 2016-12-01

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Date Signal Expert Opinion Price
2016-12-01 COMMENT Ross Healy

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.


Price:
$7.710
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-16 TOP PICK John Zechner

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.)


Price:
$7.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-04 COMMENT Michael Sprung

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.


Price:
$7.130
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-31 DON'T BUY Brian Madden

MG-T is his goto name, but he likes the auto parts cycle, although you have to be selective. 


Price:
$7.880
Subject:
CANADIAN
Bias:
BULL
Owned:
Unknown
2016-10-12 PAST TOP PICK John Zechner

(Top Pick Oct 9/15, Down 25.38%) They beat their estimates.  The growth has started to come back after a couple of years.  They bought great aluminum factories and that metal is becoming popular in autos.  The next recession in autos is already priced into this stock.


Price:
$8.350
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-09-22 DON'T BUY Stephen Takacsy, B. Eng, MBA

He follows the industry and owns LNR-T because it is better managed and initiates new programs for the auto industry.  It has higher earnings growth.  He prefers LNR-T.


Price:
$8.460
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2016-09-19 SPECULATIVE BUY Teal Linde

They are expanding in Mexico and China.  They have a new management team that is doing all the right things.  It is trading at 5 times this year’s earnings.  It is by far the least extensive compared to LNR-T and MG-T.  It is still a tiny company that is making a turnaround.


Price:
$7.980
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2016-09-08 DON'T BUY Steve Belisle

Move to Linamar (LNR-T) or Magna (MG-T)? A great question, because these 2 are trading at rock bottom multiples. This is a reflection of the North American auto market being at a deflection point. It has more than fully recovered since the recession, and now we are starting to see some potential declines in US auto sales. The market is reassessing their growth potential for these stocks. Thinks that these will remain quite volatile in the near term. He would avoid the sector at this point.


Price:
$8.370
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-15 TOP PICK John Zechner

What he likes is that the auto sector is pricing in the next recession. People are assuming the auto industry is going into a big downturn. This is trading at a ridiculously low valuation at 3X operating cash flow and 7X forward earnings. They are hitting their numbers and the earnings are growing. This is the best aluminum play out there in terms of the lighter vehicle move. Good European exposure. Recently added a lot of new programs and plant facilities and are now seeing the benefits of that. Dividend yield of 1.35%.


Price:
$8.910
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-08-03 HOLD Peter Hodson

(Market Call Minute.) The sector is not going to roll over, but Magna (MG-T) is a better company. (See Top Picks.)


Price:
$8.380
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2016-07-29 WAIT Eric Nuttall

He sold a month ago.  Sentiment got bad regarding the peak of auto sales and Tesla as a competitor.  He would hold on to it.  It is slow growth.  If they bring down costs then there is margin expansion. He plans to revisit it in a couple of months.


Price:
$8.710
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on ENERGY
Owned:
No
2016-07-22 TOP PICK John Zechner

Very good management. Strong numbers. They’ve been growing. Have put some new platforms in place in the US. Did a hostile acquisition. Very strong European growth. They are more levered to the use of aluminum parts in automobiles than any other manufacturer, which will be a growing area in autos. Trading at about 7X earnings and 3X operating cash flow. Dividend yield of 1.37%.


Price:
$8.750
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-07-14 DON'T BUY Brendan Caldwell

(Market Call Minute) He does not like the original products manufacturers.  He prefers the secondary market.


Price:
$8.830
Subject:
CANADIAN VALUE
Bias:
BULL
Owned:
No
2016-07-11 SELL Don Vialoux

Has strong season tendencies when investors are buying cars.  End of Jan until early May of each year is the best period to own.  Recently it broke a support level and established a downward trend.  Look for better opportunities elsewhere.


Price:
$8.030
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2016-07-06 WEAK BUY John O'Connell, CFA

(Market Call Minute.) At this price, you can Buy it, but be prepared to see it move lower.


Price:
$7.680
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
Showing 1 to 15 of 218 entries
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