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Magna International Inc. (MGA)

NYSE - NYSE Delayed Price. Currency in USD
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78.29-2.37 (-2.94%)
At close: 04:00PM EST
77.77 -0.52 (-0.66%)
After hours: 07:53PM 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.
  • 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
  • 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
  • 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.
  • T
    Thomas
    adding to my position....purchased at 85.75..
  • 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.
  • T
    Thomas
    take advantage of the dip.
  • 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.
  • 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.
  • 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.
  • s
    swaty
    Holding since summer 2021 . At a loss but not sure whether to sell or hold. Any thoughts ?
  • T
    Thomas
    Bought more today at 84.40 (NYSE) I will buy more on any dips.
  • T
    Thomas
    Zombie Trolls are running rampant......today.
  • J
    Jabberwonky
    Remember the big bump last year, smh...this thing will probably never see 100 again.
  • S
    S
    good riddance, sold the morning of the correction.
  • K
    Kevin
    Hey all what so you think is a reasonable entry price? I had a bid in yesterday for $99.99 didn’t hit....I think once the chip shortage and other supply chain problems end this will start to climb...thanks!
  • K
    Kevin
    Mg on sale! Will buy some more tomorrow morning...