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Magna International Inc T.MG

Alternate Symbol(s):  MGA

Consumer Cyclical Auto Parts
Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers. The Company's segments include Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles. Its Body Exteriors & Structures include body structures, chassis structures, exterior, energy storage systems and other. Its Power & Vision products include electrified powertrain technologies, powertrain subsystems and other. Its Complete Vehicles consist of complete vehicle engineering and complete vehicle manufacturing. The Company's global network includes 341 manufacturing operations and 88 product development.


TSX:MG - Post by User

Magna International Inc > Top Pick
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•••
Comment by Ilocanuckon May 22, 2021 12:19pm
122 Views
Post# 33254039

RE:Top Pick

RE:Top Pick    Another canadian company coming to the forefront of technology... Interstingly enough, bought shares when we were caught in the middle of pandemic between Argentina and Brazil and am glad to have acquired @ $41.30CDN.. 


retiredcf wrote: Second stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/greg-newman-s-top-picks~2207264

Magna International (MG TSX)

Magna International offers investors upside to the economic re-opening at a compelling price for its rate of growth.
 

TOP PICK
 
Magna Int'l. (A)
(MG-T)
May 21, 2021
 
Remains a great re-opening play. Buying back 1.7M shares. The name is trading at 10.5x 2022, but growing at 17%. Very well positioned for electrification adn self driving car. People underestimate the opportunity. Will still go up higher and adding to his position. (Analysts’ price target is $130.54)
 
AUTOMOTIVE
Greg Newman 
 
Price
$117.470
Owned
Yes
 


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