RE:ROB Magazine just ranked Martinrea one of 20 Five star stock
Just read the ROB availble on the Globe and Mail Canada.
While they may have scored that by the publication, they also list Martinrea's profits are down 14%,, and their revenue is up only 3%. Marintrea's assests have only increased 0.2%. I find that striking considering one of Martinrea's main platforms, FORD announced the moving of their Edge plant to China. Ford and GM sales have reported recent decline in sales. What is Martinrea going to do with very well possible further decline in sales due to these effects?
They may have things going better now at Martinrea, but I believe their timing will be off.
I still believe Martinrea is a complete value trap.
Take a look at ROB and look at Magna, 13% increase in revenue and Linamar 16% increase in revenue. What is Martinrea's again?