Post by
retiredcf on Apr 23, 2021 6:27am
Analyst Recommendation
https://www.bnnbloomberg.ca/video/david-burrows-discusses-magna-international~2186455
BUY
Magna Int'l. (A)
(MG-T)
April 22, 2021
Trades at 24x earnings. Really likes the auto sector and auto parts and assembly. This is the one he'd choose. Growing cashflow. 90% of the products they make are as applicable to EV as to traditional engines. They assemble full vehicles, and there's a real possibility they win a mandate from Apple. Dividend should grow. Yield is 1.8%.
AUTOMOTIVE
David Burrows
Price
$119.280
Owned
Yes
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