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.

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Magna International Inc

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Post by Possibleidiot01on Jul 20, 2024 5:00pm

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Post# 36141382

Barry Schwartz - BNN - DON"T BUY

DON'T BUY

A bit of recovery in some value names recently, rotation out of the crowded tech trade into everything else. Not sure if being boosted by any specific catalyst. Guidance not strong, issues with getting new contracts. Arguably cheap valuation.

Capital intensive, variable input costs mean not a lot of control over its destiny, not sure of the strength of its capital allocation.

Automotive

$62.050