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Magna International Inc T.MG

Alternate Symbol(s):  MGA

Consumer Cyclical Auto Parts
Magna International Inc. is a Canada-based mobility technology company. The Company is a global automotive supplier that 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. It also has electronic and software capabilities across many of these areas. Its segments include Body Exteriors & Structures; Power & Vision; Seating Systems, and Complete Vehicles. Its products include Battery Enclosures, Body-in-White Solutions, Chassis Systems, ADAS and automated driving, control modules, active aerodynamics, exterior systems and modules, lighting, mechatronics, mirrors, electrified powertrain products, Complete Vehicle Engineering and others. Its global network includes approximately 343 manufacturing operations and 105 product development, engineering and sales centers spanning 28 countries.


TSX:MG - Post by User

Magna International Inc > Top Pick
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•••
Comment by Ilocanuckon May 22, 2021 12:19pm
151 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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