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Magna International Inc. (MG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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99.21-1.17 (-1.17%)
At close: 04:00PM EST
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  • S
    Sean
    I'd hate to break it to the bashers here. But I'm at one of the largest divisions at Magna and as per our meeting this morning. Our GM has said for our division and customers that the shortage is over. Numbers are solid and strong. Only issue is people covering for the amount of COVID absentees. But that hasn't stalled our shipments. Just an FYI.
  • T
    Thomas
    wish i could buy some more at these levels....but since MGA is 25 percent of my portfolio i must maintain my discipline.
  • M
    Mike
    What does Magna stock and regular potato chips have in common...there's no point in buying if you don't buy the dip.
  • K
    Kevin
    Good time to buy some more shares but based on yesterday’s slide at end of day may hold off until this afternoon hoping to get some more in the mid 90’s
  • S
    Sss
    what a roller coaster. seriously i'm just over it at this point and i can't wait to sell it.
  • M
    Mike
    I really wish my money wasn't locked in at 117.5. There's so much of it to be made off these dips. The stock is up $10 a share in 3 days!! Praise to all the richers out there Killin it!
  • F
    Francois
    MGA with 55 worldwide plants and the contract builder of such vehicles as the Mercedes 'G' Class plus lots of EV tech is going to be the clear winner in the BEV sweepstakes. Finally, the Apple iCar awaits!! https://seekingalpha.com/news/3784859-magna-international-is-a-best-core-idea-at-evercore-on-apple-carev-halo-potential
    Magna International (MGA) is one of Evercore ISI's Best Core Ideas for 2022. Read more on MGA stock.
    Magna International (MGA) is one of Evercore ISI's Best Core Ideas for 2022. Read more on MGA stock.
    seekingalpha.com
  • T
    Thomas
    adding to my position....purchased at 85.75..
  • T
    Thomas
    take advantage of the dip.
  • M
    Mike
    NBD...just down $17 a share in a week
  • S
    Sam
    I hope people are starting to wake up to this stock and the overall market. There is not much time left before Magna crashes.
  • R
    Rodd
    Finally started a position. A perfect pick and shovel play on EVs. People think of them as antiquated but roughly 80% of there products are "agnostic". Doesn't matter if it's ICE or EV.
  • e
    elc
    Question

    Are any of the Magna plants ready to build bumper to bumper ?

    Tesla numbers are showing a vehicle being built every 40 seconds. Is Magna anywhere close to this type of automation ?

    Yes, I am aware of who Magna is. You couldn't find a better partner to build a vehicle. But even magna will need to scale up. I don't think Fisker is going to pay for a plant. Am not sure if Magna is committed to a 50K run of vehicles, and build a new production line.
  • e
    elc
    Seriously folks - Apple doesn't need Magna at all.

    Apple can very well walk into TEsla and just buy as many Gigafactories as they want.

    Gigafactories by the way are a commodity onto themselves. Assume they cost 2 billion each and can produce a vehicle every 40 seconds.

    The factory doesn't really care which car it makes. The factories specs are proven. The presses and processes are spec'd and proven. All Apple would have to do is design the vehicle to match.....they can then apply lipstick and an Apple logo and off they go.
  • A
    Adam
    Tesla delivery surge has the whole auto sector ripping today. Should open above 105 tomorrow and 110+ after ER, maybe sooner. STLA up 5% and comparatively Magna has barely any debt. I know the margins aren't exciting here but it's a great value play.
  • p
    pawan
    What’s the news?
  • S
    Sam
    The crash is not a prediction, it is a matter of knowledge. The crash will be beyond anything that you have witnessed throughout history. There is not much time left.
  • T
    Thomas
    Bought more today at 84.40 (NYSE) I will buy more on any dips.
  • M
    Mike
    117.5 yet???? My finger's hovering over the SELL button
  • S
    S
    good riddance, sold the morning of the correction.