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Martinrea International Inc T.MRE

Alternate Symbol(s):  MRETF

Martinrea International Inc. is a Canada-based diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company’s offerings include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's operations are segmented on a geographic basis between North America, Europe and Rest of the World. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. Its lightweight structure products include complex assemblies and exterior trim. Its flexible manufacturing products include bus frame assemblies and front vertical corner modules. Its graphene products include graphene and nylon coated brake lines and electric vehicle batteries enhanced with graphene. It operates in around 59 countries, such as Canada, the United States and Mexico.


TSX:MRE - Post by User

Comment by fishcarrieron Mar 06, 2021 4:47pm
201 Views
Post# 32737032

RE:RE:RE:RE:Terrific Q, beat everywhere

RE:RE:RE:RE:Terrific Q, beat everywhereYes, the 4th Q was good. But the outlook for the next quarter was disliked. They predicted 36-44 cents for the Q. That's the main reason the stock went down. (Of course for the reasons cited). But overall, they expect 2021 to be as good as 2019 - a record year. So, a little pain, but long-term gain I guess. 

It was difficult on Friday to know what to do. I bought more as the price went down to 13.81, and again when it went down to 13.61. Then when it finally went down to $13.20 I got cold feet. I should have bought then also as it bounced back to close at $13.70.

Where do we go from here? Will it hit the mid $14 range before the end of March? Or will it drift lower into the $13 range? Please give me the right answer. But if you're really long, it could be a lovely stock to hold. 
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