The Globe and Mail reports in its Friday edition that in the last month or so Magna International ($106.31) shed about $30 hitting a low of $92.89 on Oct. 15, before bouncing back to current levels. The Globe's Tim Shufelt writes that the stock is trading at a compelling entry point for those who believe the auto recovery still has plenty of ground left to cover. Baskin Financial president David Baskin says, "We were buying at $125 and we're buying aggressively at this price." As the sentiment turned against auto parts stocks in September, many Magna investors likely took the opportunity to lock in some gains. In the last two years the stock has climbed from $40 to more than $125. Mr. Baskin says, "There was nothing company specific that would make you think Magna is worth 20 to 25 per cent less today than it was a month ago." Magna now trades at an enterprise value of about 5.4 times estimated 2015 EBITDA. The peer group average is about 5.9 times. Before the sell-off, Magna traded at a premium to its peers, which RBC Dominion Securities analyst Steve Arthur says was "justified given Magna's earnings growth outlook, diversification, global footprint, dividend and balance sheet."