Martinrea International Inc T.MRE

Alternate Symbol(s): MRETF

Consumer Cyclical Auto Parts

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

Martinrea International Inc

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Post by Possibleidiot01on Aug 26, 2021 7:05pm

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Post# 33774024

John Zechner on BNN - Top pick

PAST TOP PICK

(A Top Pick Oct 13/20, Up 13%) The auto sector boomed late last year. This chip shortage has hurt the entire industry. It'll be on going for a while. MRE-T is into the light weighting of vehicles and three to four times operating cash flow and is generating free cash flow. He loves the story.

Martinrea(MRE-T)

The valuation sticks out as just too cheap. There is a huge backlog going forward. Moving toward electric vehicles, parts companies will do very well. They also invested in a vehicle battery company. (Analysts’ price target is $18.12)

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