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Martinrea Stock Symbol: MRE-T

Notes:working to build "space frames" for autos

Definition:auto parts

Last Price Recorded: 10.5600 on 2014-04-16 01:14:13

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Date Signal Expert Opinion Price
2014-04-01 DON'T BUY Christine Poole

Back in September, one of the senior executives made allegations so the stock dropped quite a bit. Company decided to hire a forensic accounting firm to investigate and there was nothing deemed material. Stock has gone up over 20% in the last couple of days. CEO is stepping down.


Price:
$10.800
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-03-31 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

They had some irregularities a number of months ago and now the auditors have approved their statements and there is no problem now.  It is now back to a level where people were buying and will want to get their money back, but now it has turned around.  Accumulate on weakness.


Price:
$9.970
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-03-24 WATCH Alex Ruus

A bit of a controversial name. Have been some issues which is why the stock has taken a beating. Most of the auto stocks have done really well over the last year. This one has done poorly because of an internal fight. Had always thought it was a pretty good company looking at their acquisitions. Pretty astute in growing their business and this whole development is a bit unfortunate. If the allegations brought by the one board member prove to be false, the stock would be a table pounding Buy.


Price:
$9.360
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2014-03-12 COMMENT Bruce Campbell (1)

This has an overhang of a lawsuit from the Vice Chairman. Compared to Magna (MG-T), this is statistically the cheapest by a long shot. The resolution and reporting of the lawsuit is coming in about one month’s time, so there is a little bit of downside risk. Once we get through that, the stock probably should be trading at $12-$13.


Price:
$9.730
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Yes
2014-03-10 COMMENT Michael Decter

This should be doing very well given the resurgence in auto sales. Trades at 7X earnings versus 12X for Magna (MG-T) but it has this really ugly fight going on among some of the owners, board members and management and this has put a damper on the party. Doesn’t think it will end badly, but it might. He’s not in it at the moment, but it does look cheap to him.


Price:
$9.710
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
No
2014-02-21 PAST TOP PICK Colin Stewart

(Top Pick Jan 28/13, Up 7.85%) Law suit over hanging, plus cost overruns.  He sold it because the valuation multiple expanded.  He is monitoring it and if it gets beaten up enough he may go back in.


Price:
$9.510
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
SELECTIVE
Owned:
No
2014-02-05 COMMENT Norman Levine

Auto-parts sector has done really, really well. This company has not participated since last April. Part of the reason is because it has some product issues but most of the reason is some corporate governance type issues and former officers suing each other. It was probably overdone on the downside but he can’t judge it so he is happy to stay away.


Price:
$9.180
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-01-21 WATCH Stephen Takacsy, B. Eng, MBA

Not a value investor, but when he saw how badly beaten up it was getting, he started looking at it very seriously. However, the allegations that are being made are very, very serious, so he is not Buying until he sees if another shoe is going to drop.


Price:
$8.600
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2014-01-21 DON'T BUY John O'Connell, CFA

(Market Call Minute.) With this lawsuit, you just don’t know. If you don’t know, you don’t play.


Price:
$8.600
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-01-20 SELL ON STRENGTH Ron Meisels

Would not be surprised if it went back up, but take advantage of any strength and sell.


Price:
$8.300
Subject:
TECHNICAL ANALYSIS - N.A. EQUITIES
Bias:
BULL on ENERGY
Owned:
Unknown
2014-01-17 BUY Rob Stabile

(Market Call Minute.) Doesn’t own this at the moment because of the legal risks, but auto volumes continue to do well. Have been beaten up big time because of a lawsuit coming against them.


Price:
$8.260
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
No
2014-01-10 HOLD Patrick Horan

Just added to his holdings in the past couple of months. Have been a lot of negative headlines with the former chairman. Company hasn’t been well run over the past couple of years. Had some issues with new contracts and these have re-occurred recently. This is a Canadian manufacturer who is going to benefit from a weak Cdn$ versus a strong US$ and they have a lot of US$ revenue. A decent auto-parts company. In terms of their peers, they trade almost double in terms of valuation. In one or 2 years, they will either clean up their act or get sold. If sold, it will be for a lot more than their 3.5X EBITDA value that it is priced at today.


Price:
$8.150
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2014-01-07 TOP PICK Bruce Campbell (1)

Bought just before Christmas on bad news about the law suit.  The fundamentals are still good.  He likes the auto industry and they announced new contracts since the lawsuit.  6 times earnings, vs. 12 for Magna.  40% possible return but there is some risk to it.


Price:
$8.080
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-01-02 BUY Ross Healy

The stock is relatively cheap so unless there is something much more severe with this company, this would be the best buy of all.


Price:
$7.990
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2013-12-30 WAIT Norman Levine

Has not been participating recently in the auto industry growth.  There are law suits in overhanging them.  Operationally it is still doing okay. 


Price:
$7.760
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
Showing 1 to 15 of 127 entries
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