The Financial Post reports in its Friday, Jan. 30, edition that BMO Global Asset Management managers Lutz Zeitler and Philip Harrington are keen on Magna International ($121.57). The Post's Jonathan Ratner writes in the Buy & Sell column that the two managers oversee the $4.4-billion BMO Dividend Fund. The managers say they have been invested in Magna for a long time. They say the bought more Magna stock in September. Canada's largest auto parts company has a diversified product slate and top customer base, but Mr. Zeitler notes it also has an incredibly clean balance sheet, in part because it generates very strong free cash flow. Mr. Zeitler says: "The stock sold off early in 2015 on revised 2015 sales guidance by management citing currency issues, near-term sales pressure and a changeover in certain products. ... All of that should dissipate by next year." As a result, the managers anticipate significant share buybacks and 10-per-cent-plus annual dividend increases from Magna in the coming years. The managers note that a global economic slowdown would be a negative for the stock. RBC Capital Markets analyst Steve Arthur said buy Magna in the Post on Jan. 16. The shares were then worth $109.98.