RE:RE:RE:Regarding the panel members discussion about . . .Definitely a Q4 reward for MRE shareholders who purchased during October, at circa $8.20, and are now selling at circa $12.00.
Martinrea International was certainly the right horse to pick to this point.
Although, I do have a concern for what would be impacting Martinrea's business going forward.
I'd consider banking most, if not all, of a nearer to 40% return on MRE shares within the previous nearest to 3 month period. I would elect to so so before . . .
Going forward, my concern for Martinrea and all North American automotive parts and components manufacturers straight accross the board, is that "a consumer demand led recession" would be occurring during 2023 and lasting until circa May of 2024, this due in good part to the quite intended and would be resulting automotive vehicles purchasing "demand destruction" effects, amongst many other contributing factors.
Such coming pejorative economic effects would be attributable not just to any "inflation induced" and resulting current "highest borrowing rates" (since June 2007) induced necessary "curtailments of descretionary spending" by would be consumers. Alas, it goes deeper than that.