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Andhravodu
Kurra Bewarse
Username: Andhravodu
Post Number: 2699
Registered: 04-2017
Posted From: 99.155.156.144
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 24, 2020 - 7:16 am: | 
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Entrepreneur:This stock was trading at ~7x EBITDA and 11x EPS so it is at the other end of the spectrum from the most egregious EV hype stocks and maybe a better/cheap way to play the shift in the auto market.
auto market stocks annee loooong term plays ye
They are all priced like this in terms of p/e ratio
ergo, this stock is in alignment with the sector. It's not breaking away from the sector, nor is the sector breaking away from the stock
ilanti risk free plays ante, there are more popular choices available. Home Depot, Lowes are much better |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 2957
Registered: 05-2011
Posted From: 65.35.45.47
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 23, 2020 - 6:52 pm: |
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Magna (MGA) is higher after announcing a JV with LG Electronics to manufacture e-motors, inverters and on board chargers and, for certain automakers, related e-drive systems to support the growing global shift toward vehicle electrification. Magna is an auto contract manufacturer; this deal isn't very surprising after it signed a deal to make Fisker's (FSR) for its Ocean E-SUV concept last week. This stock was trading at ~7x EBITDA and 11x EPS so it is at the other end of the spectrum from the most egregious EV hype stocks and maybe a better/cheap way to play the shift in the auto market. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 2945
Registered: 05-2011
Posted From: 65.35.45.47
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 23, 2020 - 11:37 am: |
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https://www.marketbeat.com/stocks/sectors/auto-tires-trucks/ |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 2944
Registered: 05-2011
Posted From: 65.35.45.47
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 23, 2020 - 11:36 am: |
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NYSE:MGA
Stock Price: $66.36 (+$2.62)
PE Ratio: 45.14
Market Cap: $19.86 billion
P/E Ratio: 45.1
Dividend Yield: 2.51 %
Consensus Rating: Buy (10 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $63.56 (-4.2% Upside) |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 2943
Registered: 05-2011
Posted From: 65.35.45.47
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 23, 2020 - 11:36 am: |
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Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers (OEMs) of vehicles and light trucks worldwide. The company operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body systems, chassis systems, and ?engineering and testing; exterior systems, including ?fascia and trims, ?front end modules, liftgate and door modules, ?active aerodynamics, ?lightweight composites, sealing systems, ?engineered glass, and running board and roof racks; and roof systems, such as sliding folding and modular roofs, and retractable hard tops and soft tops. The Power & Vision segment offers dedicated hybrid, dual clutch, hybrid dual clutch, and manual transmissions; ?driveline systems; metal-forming solutions; engineering services; driver assistance systems; front, rear, and surround camera systems, as well as ultrasonic sensors, ICON RADAR, and LiDAR; electronic controllers; interior and exterior mirrors, actuators, door handles, and overhead consoles; latching systems, ?door modules, ?window systems, ?power closure systems, ?hinges and wire forming rods, and ?handle assemblies; and head, ?tail, and ?fog lamps, and ?other lighting products. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle manufacturing and engineering services. The company serves OEMs and automobile manufacturers. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 2942
Registered: 05-2011
Posted From: 65.35.45.47
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 23, 2020 - 11:35 am: |
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Magna International ($MGA) a Canadian auto parts manufacturer , which supplies to all major car companies. They are into contract manufacturing of cars
1. They have contracts to manufacture EVs of Workhorse,NKLA and few others
2. Rumor is apple may choose them as partner for its EV as they have plants in North America
https://www.magna.com/products/complete-vehicles/complete-vehicle-manufacturing
The share price was $40 ish in August and now $74
Add it for a long term at < $70 |
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Finance & Investment - Stocks, Real Estate, et. al