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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

Bullboard Posts
Comment by Kirkinon Mar 25, 2014 6:30pm
244 Views
Post# 22366935

RE:RE:Many gurus

RE:RE:Many gurusI'm inclined to go with bad news on the horizon. Relatives and close friends are not considered insiders, hence when bad news is imminent they can at least get rid of theirs under the radar. The manufacturing division in Canada that management previously acknowledged had over stated earnings significantly, was not by their own admission the division referred to by Rea in his suit. So we might see some other "restatements" if Rea was correct.  I've unloaded 50% in anticipation of bad news, with little downside because a takeover hopefully by Magna becomes ever more likely. Current executive management will not be part of the future under Magna, that's a sure bet.
Bullboard Posts