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8/9/13Market Watch Game Update (Samurai Trader)

Here is the market watch game update for this week. I had a good week, thanks mainly to a rule breaker, BOFI, which I held through earnings. Ticker Price Shares Buy Date Position Sell Price Sell Date Gain Percent MGA 65.11 80 05/24/13 5208.8 75.75 08/08/13 851.2 16.34% MGA 67.38 80 05/31/13 5390.4 75.75 08/08/13 669.6 12.42% MGA ...

6/12/13Today's Leading Industry (Samurai Trader)

These are the industries with 60% or more of their stocks advancing today. These are the industries with 20% or more of their stocks making new highs. The one industry common to both lists is auto parts wholesale, which, at 4 stocks, is really to small o give meaningful numbers and really can;t be regarded a leading group. Individually, two of the stocks are at new highs: CRV, which draws squat for volume, and MGA, which is currently one of the strongest stocks in the market. These...

4/21/12Magna leads, RIM lags in stock picks contest (Penny Stock DD)

Thirteen brave souls accepted the challenge of participating in our annual one-and-only stock-picking contest. At the end of the first quarter, more of our contestants were smiling than crying. All but two of them had made money. Personal finance author Gail Bebee was in the lead at March 30, having chosen auto parts [...]

12/15/11(MGA) Magna International to Open Solar System Plant (Stock Blog Hub)

Magna International Inc. (MGA) revealed that its body and chassis systems operating unit, Cosma International, would open a solar component manufacturing facility in Phoenix, Arizona that will strengthen its position in the renewable energy market. The 166,000-square-foot facility, called Cosma Power Systems, will manufacture metal structures and roll-formed components and systems for the photovoltaic (PV), concentrated [...]

10/23/11Retail roundup: Mattel vs. MGA, Versace for H&M, salad recall (Penny Stock DD)

A federal judge granted Mattel's request to dismiss rival MGA Entertainment's antitrust suit against the toy giant. The two Southern California toy makers have been embroiled in a years-long dispute over ownership of the Bratz doll line and have accused each other of stealing trade secrets. In the separate Bratz case, a Santa Ana jury in [...]

8/29/11Magna invests $400 million in electric vehicle research and development (Penny Stock DD)

A provincial government official says Magna International Inc. (TSX:MG) is pairing with Ontario to invest more than $400 million to research and develop electric vehicle technology. Both the company and Economic Development Minister Sandra Pupatello are expected to announce this afternoon at Magna's headquarters in Brampton, Ont. that the province will put forward about $48 million [...]

2/25/11Magna International (MGA) Fails on Earnings, as Input Costs Start to Hurt (GreenLightAdvisor Views)

by Trader Mark, Fund My Mutual Fund One of my fears in the auto supplier trade (a big theme of 2010) was the impact of ever rising prices in the "hear no inflation, see no inflation" world of Mr. Bernanke.  I thought it might take a few more quarters to hit, but it [...]

11/16/10Bookkeeping: Limit Order to Repurchase Magna International (MGA) Hits (Fund my Mutual Fund)

This is a tricky time, because "buying the dip" worked non stop for months... but if this is stage 1 of a large selloff that takes us down to fill the downside gaps at S&P 1090, and 1110 any purchases in the near term will be painful a few weeks for now.  Hence, the solution is to marry purchases with stop losses and be willing to take (numerous) small-ish losses in case we have a much larger selling event in the future.  With that said, many of our portfolio holdings had super earning...

11/5/103 Stocks To Consider (EZPW, KRO, MGA) (Benzinga)

The market is mildly weaker today, after traders look to digest some of their gains made this week on the back of the announcement made by the Federal Reserve it would do another $600 billion in quantitative easing. There are a few stocks that are particularly strong today, gaining more than 5% today. EZCORP, Inc. (NASDAQ: EZPW) is up more than 7% today to trade at $24.09, a gain of $1.71. EZCorp reported net income of $27.8 million on revenues of $198 million. The business of pay...

11/5/10Bookkeeping: Selling Another 1/3rds of Magna International (MGA) on Earnings Spike (Fund my Mutual Fund)

If Magna was viewed like Netflix, Priceline, or Las Vegas Sands I'd just sit in my position but I would be a tad surprised if this stock gaps up and then just runs and runs for weeks on end with no pullback.  So I am going to sell another 1/3rd of the position here (sold 25% going into earnings) in the $99s and see if I can purchase some exposure back on a gap fill.  If not, I'll be chasing ever higher to get exposure back. Other thoughts: On the greater market, I find it remarkable...

11/5/10Magna International (MGA) Crushes Estimates, Announces 2:1 Split, Stock Buyback, Increases Divide... (Fund my Mutual Fund)

If Magna International (MGA) were involved in the 'cloud space' (even 10% of revenue, which now gives you the massive overvaluation) this sort of beat would have the stock up 20%+ on this sort of report.  Too bad you cannot build auto frames in the cloud.   Not much I can add here that I did not say the past week with TRW Automotive (TRW) and BorgWarner (BWA). EPS estimate for the quarter was $1.52; the company came in at $2.06 - a beat of 5 cents.  This immediately takes full year...

10/8/10Bookkeeping: Selling 25% of Magna International (MGA) (Fund my Mutual Fund)

The best stocks to trade of late in terms of "sensible moves, in a non frantic matter" have been the auto suppliers.  They go down to support - hang out a while, then rally ... you can take profits... a few weeks later they fall back to support, you buy and rinse, wash, repeat.  Since daytraders don't care about this group and neither do the HFT machines (because the stocks are not in ETFs) they seem to be in much stronger hands and act like the stock market of old.  Hence I am enjoying...

9/23/10(MGA) Magna International – Big Jump in Estimates – Awesome Balance Sheet (Stock Blog Hub)

Magna International, Inc. (MGA) recently hit a new multi-year high on an awesome 83% Q2 earnings surprise. With rising estimates and a bullish growth projection, this Zacks #1 rank stock offers some solid upward momentum. Company Description Magna International Inc. is an automotive supplier that specializes in manufacturing automotive systems, modules and components. The company operates primarily [...]

9/8/10Bookkeeping: Buying Back Some Magna International (MGA) and BorgWarner (BWA) (Fund my Mutual Fund)

Another 90% type of day, at least in my portfolio - every stock up, except for the 2 auto suppliers.  I am assuming the space got an analyst downgrade today since they are acting as outliers. These stocks have retreated nicely to some level of support after going ballistic so I am using the opportunity to get back the exposure I sold off last week plus some. First, Magna International (MGA).  I sold half the position last Thursday for a quick 11.5% gain in the mid $83s.  I was one day...

9/2/10Bookkeeping: Selling Half of Magna International (MGA) (Fund my Mutual Fund)

This is my first foray with auto supplier Magna International (MGA), hence due to that factor plus when I bought the stock the S&P 500 was being kicked in the groin on a daily basis I started off with a modest position of 1.3% or so.  The stock held up really well (versus my purchase point in the $74s) during the remaining days of the selloff, and bounced smartly the past 2 days.  It is now back to the old highs so either its going to face some resistance here or break out to new highs.  I...

8/25/10Bookkeeping: Starting Magna International (MGA) (Fund my Mutual Fund)

I've had a limit order on Magna International (MGA) at $74.00 which just missed this morning, so I am going ahead with a market order in the upper $74s to get a 1.1% stake started in this auto supplier.  This will be the 2nd name in the space we own, and I continue to be very impressed at the profitability of some of these suppliers in a wretched auto market.  If auto sales can rebound from the 11-12M annual range back to 13-14M (peak was well over 16M) profits are going to do things no one...

8/24/10(MGA) Magna International – Bull of the Day (Stock Blog Hub)

Magna International (MGA) enjoys a strong competitive position in the automotive industry by virtue of its complete range of interior and exterior auto systems. The company is strengthening its positions in the emerging markets of Asia, Eastern Europe and Russia. It is also poised for growth through its major business wins from original equipment manufacturers (OEMs). In [...]

12/28/09(MGA) General Motors to Compensate for Opel? (Stock Blog Hub)

The Russian bank, Sberbank, has asked for voluntary compensation from General Motors (GM) for the scrapped deal to sell 55% of the latter’s stake in Opel to the former. The bank has threatened to sue the automaker otherwise. Last month, GM halted its plan to sell a 55% stake in Opel to Magna (MGA), backed by Russia’s [...]

11/25/09(MGA) Magna International Bags General Motors Contract (Stock Blog Hub)

Magna International (MGA) has reported that it has won a contract to make the new generation of frames for General Motors’ full-size light-duty pickups and sport utility vehicles despite their disputed relationship over the Opel deal. According to Magna, the new third generation of frames would replace GMT 900, which is the frame for Chevrolet’s [...]

9/17/09(MGA) Magna International Gets Chinese Offer for Opel (Stock Blog Hub)

Magna International (MGA) has been approached by China ’s Geely Automobile Holdings for a partnership deal in the former’s newly acquired Opel unit. Last week, Magna and Russia ’s Sberbank acquired the Opel unit from General Motors. The deal allowed both the buyers to hold 55% stake in the unit. General Motors and the Opel workers [...]

9/15/09(MGA) Magna International to Restore Opel’s Profitability (Stock Blog Hub)

Magna International (MGA) has revealed that it will downsize 10,500 jobs in its newly acquired Opel/Vauxhall business in Europe. The announcement brings no surprise as the company had previously stated to retrench a fifth of the Opel workforce to make the unit financially viable. Last week, Magna and Russia’s Sberbank acquired the Opel unit from General [...]

9/4/09(MAT) Did Mattel Manipulate the MGA Probe? (Stock Blog Hub)

Mattel Inc. (MAT) has been accused of manipulating the MGA probe. MGA Entertainment claims Mattel tried to influence the Canadian police while they were investigating a trade secrets theft complaint brought against it by Mattel. The U.S. District Judge has ordered Mattel’s Chief Security, Richard De Anda, to appear at a hearing on September 21, 2009. [...]

8/27/09(MGA) General Motors Rethinking Opel Plans (Stock Blog Hub)

General Motors is reconsidering its bailout plans for Opel/Vauxhall business in Europe. The company blew past an August 21 deadline to find a preferred bidder for a controlling stake in the business. Opel deal had been a bipartite race between two suitors, Canada-based auto parts supplier Magna International (MGA) -- backed by Russia’s Sberbank -- and [...]

8/21/09(MGA) Opel to Choose Suitor (Stock Blog Hub)

General Motors will choose a preferred bidder for a controlling stake in its European Opel/Vauxhall business today. The deal has become a race between two suitors, Canada-based auto parts supplier Magna International (MGA) and Brussels-based industrial investment group RHJ International. GM sits uncomfortably in the deal amidst the German government’s bias towards Magna. This is because [...]

6/1/09New Volvo PHEV Hits The Road This Summer (Green Chip Stocks)

Volvo has partnered with Swedish energy company, Vattenfall, to develop plug-in hybrid electric vehicles.

4/1/09Don’t believe reports of Magna pay cuts (Canadian Business Blog)

The Globe and Mail reported today that Magna International had "taken an axe to executive pay." It didn't. In 2009, company officials will not take home as much as they have in other years, but not because of any cuts agreed to by management. In fact, if truth be told, the Magna gang will get more [...]

1/6/09From The Mailbag: Magna International (Barel Karsan)

Magna International (MGA) is a global auto parts supplier. The stock was flirting with $100 last year, but due to the collapse of the auto industry it now trades at just $26. It has a debt to equity of just 8% and produces a diversified plethora of parts in plants across the world. Does this stock represent a great value opportunity for long-term investors who expect auto sales to return in the long run? Unfortunately, despite its low debt to equity ratio, the company is still a high risk....

11/20/07MGA Focuses on Energy and Emerging Markets (Hedge Fund Blogs From HedgeCo.Net)

West Palm Beach (HedgeCo.Net)- Hedge fund policy intelligence advisor Medley Global Advisors LLC (MGA), has announced that it will be focusing on it's Energy Group and Emerging Markets Group, and has hired 3 new managers. "Bhushan Bahree, Bill Farren-Price and Luisa Palacios will help deepen and expand energy and [...]


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