The Investment Reporter, in its Jan. 29, 2016, issue, refreshes its buy of Magna International Inc., recently $48.78. The Reporter said buy 21 times from Dec. 1, 1995, to Sept. 4, 2015, at prices ranging from $34.63 to $117.30 (the stock split 2 for 1 on Nov. 12, 2010, and on March 26, 2015). Assuming an investment of $1,000 for each of the 21 buys, the $21,000 position would now be worth $43,365. The global auto-parts manufacturer is thought to have earned $4.41 (U.S.) a share in 2015, down from $4.47 (U.S.) a share in 2014. This should rise in 2016 when the company is expected to earn $5.22 (U.S.) a share on sales of $30.95-billion (U.S.). Magna expects sales to further increase to $34.05-billion (U.S.) in 2018. The company has recently won a contract with BMW which will add to its complete vehicle assembly sales. As the Asian market grows, the company will also reap rewards in production sales which are estimated to total $2.2-billion in 2016. Based on its expected earnings, the stock trades at an attractively low forward price-to-earnings ratio of 6.4 times. Magna pays a $1.28 dividend which yields 2.6 per cent. Buy for long-term share price gains and decent dividends.