Do you consider this a good time to buy Magna?

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This stock has been in a steady decline for the past four years, and is currently at 2014 levels.

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Asked on February 14, 2025 8:25 am
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The company is currently going through a very difficult phase right now and a cyclical downtrend in the popularity of automobiles.

My main worry here at this point in time is tariffs. I do believe that if we didn't have any tariff concerns Magna presents pretty strong value at this point in time on the basis that we should see an uptick in activity once policy rates decline and economy activity picks up.

But not knowing what Trump will do in regards to tariffs is truly scary. He has the ability to shake the automobile sector substantially. It is even rumored some of these auto producers would simply stop making vehicles.

If you're looking to take a position, I would be looking to do so after we get some clarity in regards to tariffs.

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Posted by Dan Kent
Answered on February 14, 2025 8:45 am