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Bullboard - Stock Discussion Forum Martinrea International Inc T.MRE

Alternate Symbol(s):  MRETF

Martinrea International Inc. is a Canada-based diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company’s offerings include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's... see more

TSX:MRE - Post Discussion

Martinrea International Inc > averaged down
View:
Post by jdoubleu on Mar 04, 2022 4:47pm

averaged down

I don't normally like to do it, but with the drop today, the generally positive outlook once there is some normalization in the auto sector, and their investment in battery tech, I bought a few more. Plan on being patient.
Comment by Puma1back on Mar 04, 2022 7:26pm
With an 80 million share float we are trading at about 69% of bb and this company has negligible intangible assets on the balance sheet cause they built everything rather than buying the stuff.    
Comment by Puma1back on Mar 04, 2022 7:28pm
Should say 60% of book value. This site still doesn't have an edit feature after 20 plus years.    
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