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Inv Reporter refreshes Magna International buy

2016-02-12 20:53 ET - In the News

The Investment Reporter, in its Feb. 5, 2016, issue, refreshes its buy of Magna International Inc., recently $49.82. 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 $44,289. While resource producers continue to suffer from falling commodity prices, non-resource stocks are beginning to look more attractive. Magna, which manufactures automotive parts, is one such company. The company benefits from current low interest rates and lower gasoline prices, which translate to more affordable car purchases and cheaper operations. The economic slowdown in China may keep commodity prices down for a while, so it is best to focus on stocks outside of resources for the time being. Magna remains a buy for long-term share price gains as well as decent and rising dividends.

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