MGA

Severe_Ice8206

Thanks! 1. Built a full bottom-up model. 2. No. Altamont has no pressure to sell. Their fund life is longer than conventional funds (runs off 2034). I’ve also spoken with insiders on this. Given the story is moving from show me to quality execution with now 4 consecutive beat and raises, while they mix hadron down aggressively and expand third-party written premium, while they outperform on gross loss ratio even in a softer market (which drove the price down), I don’t think they’d entertain selling part of their stake before previous ATHs at ~$30. And even if they did, they could sell shares back to the company under the buyback program as well which I expect to be upsized the longer this stays below IPO price. This business is trading >9x fwd EBITDA while growing 20-30% for next few years (potentially faster when rates come back). Everyone buying at current levels is frontrunning the big institutional flows which will come with sell side upgrades over next days/weeks. My assumption they’ve not cared to reunderwrite post hadron related selloff in Q3 last year. 3. No, this does not move the needle. In fact, you need to understand what actually drives durable value for the business. What moves the needle is the fee based EBITDA (consolidated EBITDA less underwriting EBITDA). That’s the high quality EBITDA investors should focus on. My thesis is that once the market actually spends time to understand this business, investors will realize that this is not an underwriter, which is valued lower than a platform business. This will become increasingly clearer as more third-party written premium flows through the exchange because that eliminates the consolidation adjustments. To see what I mean: if 100% of EWP was written through third parties today, you add the exchange services and MGA operations segment EBITDA, and you’ll realize this trades <5x fwd. People have too short of attention spans to actually put in the work here to dissect the complexity. Notably, this EBITDA gets generated without Accelerant taking risk on balance sheet, and it deserves at least double the multiple of where the business is trading today. This is the hidden value I describe in the thesis. On buyside push, the company has acknowledged this and with yesterdays release shows the market how it wants to be understood: the fee-based EBITDA stream. In other words, underwriting could be profit neutral going forward and it would not change the thesis, as the consolidated EBITDA is high quality as it comes from the fee-based segments. This drop is to be expected in a softer market. That said, the business continues to perform way ahead of any competitors/ market in gross loss ratio. Every quasi specialty peer got smoked with stalling growth and/or meaningfully worse loss ratios (knsl, ryan etc). I view q1 as a major clearing event, as not only did they outperform on gross loss ratio in the quarter (what the market was worried about), but they raised EBITDA guidance again (from $275m to 285m). And if you look at the decomposition, it’s not because of more expected underwriting profit (which stayed flat at $9m), but because of more fee-based EBITDA, which deserves the premium. 2025 was an exceptional year underwriting wise for them. 2026 is more challenged bc of the softer market. That said, I could see them continue to outperform underwriting wise, which is an additional kicker on top of their guidance (I’m confident in that actually). But I like that mgmt is prudent and arguably setting expectations that they know they can outperform. Could see them exiting 2026 doing $300m EBITDA (close to 70% growth y/y). Again, they’ve done this now for the 4th consecutive time. Long-term - this is a business operating at >50% EBITDA margins. Until we get there, many quarters of outperforming their conservative (yet on paper already great) expectations/ guidance. Eventually price will follow fundamentals - expect the re-rating to happen soon. Business is virtually executing ahead of IPO story on every dimension, and it was priced north of $30 then. Hope this helps.

stocktrader

Good analysis. I own the stock. I know a decent amount about it. You know more than I do. Here's 3 questions if you have time. 1) Where did you get your CY27E EBITDA of $378m? 2) "Altamont Class A/B dissolution by July 2028 at latest, removing dual-class discount". Do you think this is a big factor in the price of the stock being down? I assume retail investors (and most institutional) are simply passive investors and don't notice or care about voting rights, strategic input, etc. 3) In the just-released earnings report, 2 of the 3 segments had shrinking EBITDA (MGA and underwriting). Does this concern you? More specifically, underwriting margins fell from 11.6% to 4.3% - a 63% drop in profitability in 1 year - and they are the biggest segment.

KopOut

I think its crazy how so many of you have been convinced that dividend stocks don't appreciate. Like everything else, it depends when you buy and what you buy. What is crazy about focusing on dividends is that it will often tip you off to deeply undervalued good companies because their yield will be very high because the stock price has been beaten down. Two examples from my dividend portfolio: Citigroup (C) - purchased May 17, 2023 for $46.92 per share. Was yielding 5.12% when I bought it. It closed at $124.82 today and has paid out $6.16 per share in dividends since purchase (13.1% of purchase price). That's a 166% return plus the dividends. SPY over that same time frame is up just over 82% and has paid $21.27 in dividends per share (5.2% of purchase price). Magna International (MGA) - purchased May 7, 2025 for $33.13 per share. Was yielding 5.89% when I bought it. It closed at $63.33 today and has paid out $1.95 per share in dividends since purchase (5.9% of purchase price). That's a 91% return plus the dividends. SPY over that time frame is up just over 34.5% and paid $7.38 in dividends per share (1.3% of purchase price). There are tons of examples like this and more appear every quarter. It's just a matter of finding good dividend paying companies that are beaten down. Like anything else, it's a risk but with outsized risk can come outsized reward.

Cute_Dragonfruit4738

Appreciate the nuance, genuinely. You're right that MGA dynamics are tricky and carrier pullback risk is real. That's worth watching closely as the soft market plays out. I think the distribution side being 80%+ of the business gives them a cushion but the MGA scaling is definitely the part that needs the most due diligence. Thanks for engaging on it.

calm_discussion_3500

Yes, we all understand they are brokers not underwriters of the insurance. It's more that agents can have very volatile #s if there is a sudden withdrawal by insurers due to falling profitability. Small MGAs can have a regional moat and a lot of established relationships but it's a double edged sword. Insurers are very diversified typically and can move around, pull out or slow / even take on revenue decline intentionally heading into soft markets. That said, I don't know enough about this particular MGA. A lot of research into risks and their strategy matters. Market may be punishing this stock for a reason that's all. Good to be aware it's very complicated business to evaluate.

Cute_Dragonfruit4738

No worries. The MGA is only 15-19% of the business though. The core (81-85%) is distribution/commissions - they don't take underwriting risk. Softening market actually helps them because more carrier capacity = more for agents to sell and better retention. Their consolidated retention ticked up to 92% in Q4. On the MGA growth being risky in a soft market - fair, but management already guided 22-25% EBITDA margins for 2026 vs 26.5% in FY25, so they're not hiding the margin investment. The question is whether you trust the founder who has his entire net worth in this to manage through the cycle. Stock selling off post-IPO from $36 to $18 while the business gets better every quarter is a setup, not a red flag imo.

calm_discussion_3500

I edited before your comment. Apologies I pulled wrong data. Very apid growth in an MGA heading into soft market is a red flag.

Cute_Dragonfruit4738

Been following TWFG since it IPO'd in July 2024 and wanted to share some DD on this name since it barely gets mentioned anywhere. Its based out of North Houston in an area called the Woodlands, and seems to serve that geographic region deeply. They are like an infrastructure for independent insruance agents and provide access to services downstream (carrier access/tech/marketing etc.). An agent would plug into their infrastructure and sell personal and commercial lines. Their primary revenue is driven by commission and fees on the policies written through their network. They have 2 main segments 1. Retail branches - this is their core business 2. Managing General Agent (MGA) - this is an investment they are making to scale up I think its interesting right now because they KEEP outperforming. Their Q4 results were unreal: \- Rev: $68.8M (up 33.3% YoY - beating out target of 60.8) \- EPS: $0.30 vs $0.16-0.18 consensus (nearly a double beat) \- Organic rev growth reaccelrated to 11.7%, up over 1.5% from the previous quarter \- Adjusted EBITDA: $21.7M, up \~57% YoY \- Net Income: $14.4M FY2026 guidance of $285M-$300M revenue against $247M in FY2025 - consensus was only $241M. The board also authorized a $50M share repurchase program which is insane for a $300M market cap company. Currently, the stock is varies between $18-20, but hit highs of $36.85 in the 52WR, so we are near lows. At $18-20 with 33% rev growth + organic growth reaccelerating, EBTIDA margins expanding, a buyback in place, and most targets above the current price make it feel like this market pricing is ignoring their execution. Their Q1 earnings call will be May 19 so will be interesting to hear how they develop.

longGERN

Have held MGA for like 6 years and sold in late 2025 after disappointing results still but now magically it's perfect

dayvieee

MGA calls saved my port

joseph2103

I did this with MGA held for 12months when it was red and sold as soon as went green….its been up over 100% since

dvdmovie1

I don't have any interest in this theme but MGA would be something to look at.

dvdmovie1

Went public in 2003 at $3.1, is currently $4.52. There's absolutely exceptions, but imo the automobile industry - whether the US or wherever - is often not a great investment. In terms of parts/suppliers, MGA hasn't gone anywhere in a bit over a decade. Valeo in France is now down about 65% in the last 5 years. MBLY was talked up when it was spun out of INTC, down nearly 60% since. So many people in 2020/21 acted as if gas stations were going away because of EVs. CHPT -99%, EVGO -68% and BLNK -98% while gas station CASY is up 217% in the last 5 years.

Electrical-Order1317

I’m in now to Roadzen the AI-powered insurance technology company announced it had secured a Managing General Agent (MGA) deal with one of the world’s five largest automakers. I think it has legs.

JohnnyStrides

Energy(ish): AVN (helium), MGA (uranium), QIMC (natural hydrogen)

Riskvest

A couple things to note here for those interested - Neptune is an MGA (managing general agent), meaning the actual insurance risk is borne by the insurance companies that back Neptunes policies, not Neptune themselves who make money off brokerage income. While their result still matter (bad losses will lose you capacity providers), it’s a different risk profile than directly investing in insurers. Neptune can write in all 50 states so while they are Florida based that doesn’t mean all their exposure is there. Their loss ratio to date has been quite low - most losses came from hurricane Helene.

JohnnyStrides

Can also add in some MGA but I'm adding CCO/J & NXE at a 2:1 ratio and buying in weekly.

SaintsFanPA

Sure about that? [Questions and Answers - Hormonal Growth Promoters - Canada.ca](https://www.canada.ca/en/health-canada/services/drugs-health-products/veterinary-drugs/factsheets-faq/hormonal-growth-promoters.html) >There are six hormonal growth promoters approved in Canada for use in beef cattle: three natural - progesterone, testosterone and estradiol-17ß; and three synthetic - trenbolone acetate (TBA), zeranol and melengestrol acetate (MGA). Hormonal growth promoters are not approved for use in any species other than beef cattle.

longGERN

Man MGA has fucking bent me over for 3 years straight

Sea_Original_906

Not only that but good trade partners creates good diplomacy that benefits the US in more ways than just money.  But I guess MGA doesn’t understand, or want, that. 

When-n-Rome

Trump is without question the greatest President our country has ever had. History will smile upon him, and monuments will be built in his honor across America that he The Man, The Myth, The Legend MGA!!!! Imagine all the people, living life in peace ✌️. You may say I’m a dreamer, but I’m not the only one.

JaxTaylor2

If you really want to catch some of the potential fallout from tarrifs on auto sales you’ll look at the supply chain for vulnerabilities. 1. BorgWarner Inc. (BWA): An American automotive and e-mobility supplier headquartered in Auburn Hills, Michigan. BorgWarner operates manufacturing facilities worldwide and is a major supplier to various automotive original equipment manufacturers (OEMs).  2. Magna International Inc. (MGA): A Canadian company that designs, engineers, and manufactures components, assemblies, and systems for OEMs of vehicles and light trucks globally. Magna operates through segments like Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.  3. Lear Corporation (LEA): An American company specializing in automotive seating and electrical distribution systems. Lear supplies products to automotive OEMs across North America and other regions, focusing on seat systems and electrical components for light vehicles.  4. LKQ Corporation (LKQ): A provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America and sells replacement systems, components, and parts to repair and accessorize light vehicles.  5. Dorman Products, Inc. (DORM): A manufacturer of aftermarket automotive products in the United States. Dorman focuses on developing repair and replacement parts for cars and light trucks, identifying frequently failing components and offering solutions to the market. Look for the one whose accounts receivable numbers are depreciating the most and have at it. ;)

longGERN

I'm buying MGA. It's been dicked and will likely continue to be for the near future but eventually I think it'll bounce (Aka it'll never, so don't listen)

I_am_Nerman

Puts on GOOS, MGA

Napalm-1

Hi everyone, For those looking at a kind of turbo on Nexgen Energy share price, a bit under the radar at the moment Here is my detailed overview on **Mega Uranium** (MGA on TSX): Mega Uranium is in fact a small uranium fund held by the big Uranium sector ETF's: https://preview.redd.it/ir6jmbfx3zvd1.png?width=1064&format=png&auto=webp&s=4419aba83816b39dc6f7d42155a2a0f786fd52c4 Today Mega Uranium share price traded at 0.39 CAD/sh, while the NAV on October 18th was at 0.6177 CAD/share. This is a 37% discount to NAV! In previous high season in the uranium sector that discount to NAV was <15%. We are now in the first month of the new high season. In the meantime Nexgen Energy (NXE) is a large cap where most investors go to when they hear about the uranium sector. NXE share price will increase together with the other uranium company stocks. By consequence: Mega uranium acts as a turbo on Nexgen Energy. **This isn't financial advice. Please do your own due diligence before investing** Cheers

drew-gen-x

I have received so many alerts this morning of small cap stocks on my watchlist hitting new 52 week lows. $TITN, $TWI, $ALB, $MTW, $MGA. Yet the market is setting new ATH's.

MorrisseysRubiksCube

I currently like shares in BA, VALE, and MGA. I welcome your opinions, both constructive, and stupid.

toad__warrior

My 62 year old MGA is in better shape than that!

Rare-ish_Bird

Auto parts companies MBLY, APTV, MGA, BWA not moving at all pre-market. That means 1 of 2 things: 1) Strike impact already priced in 2) Too much sell volume for pre-market, so they'll wait til open. I'm thinking #2.

LimpNote5

I’m big on FCU, MGA and HURA. Excited on the future of uranium

tavif

Magna ($MGA) is the company building the Fisker Ocean. They are the fourth largest automotive parts supplier in the world. Magna manufactures vehicles for some of the top automotive companies in the world. In Austria, at the Graz factory, the company has produced almost 4 million vehicles to date. They are producing the BMW 5 series, BMW Z4, Jaguar E-Pace, Jaguar I-Pace, Toyota GR Supra, Mercedes-Benz G-Class. They are producing more than 200k vehicles per year... I think they have the capacity to build as many SUVs Fisker orders 

crockett5

He's a Trump cult lunatic, he hates America because his cult leader is getting locked up for being a criminal. All he posts is MGA bullshit and hating on US.

BagSelect

I bought the dip on MGA, so that’s probably gonna go ahead and keep dipping

Ok_Inevitable_2838

$FSKR and $MGA just sat down at the table and Elon’s lunch is on the menu

VisualMod

>I believe that Fisker $FSR is a strong investment because of the recent announcements regarding financial analysts and auto bloggers coming to test drive the Ocean. This shows that there is growing interest in the product, which should help increase sales and therefore stock price. Additionally, production equity partner Magna $MGA has a long history of delivering quality products on time, so I am confident that they will be able to meet their production goals for the next 12 months.

MarketMovers111

You would think… Puts Fisker into a new category Pre-revenue -> Revenue. Citi analyst put a Price target at 27/28 (Google) it’s going to be interesting with production and Magna $MGA producing all the cars.

MarketMovers111

Bankruptcy? They are asset light and Magna $MGA is making all the cars. They have been around for 40 years producing Mercedes. They are also partners. Do your DD!

MarketMovers111

Not to mention 2023 Fisker is set to blow out production numbers of their competitors. (Not tesla) This is why I love asset light. LESS HEADACHE! Magna $MGA is going to change the whole competitive dynamic of the EV space

dizzlemcshizzle

FSR is currently trading near its all time and 52 week low, but is holding strong as it approaches 2-3 months from vehicle production and delivery. Analyst surveys have FSR overwhelmingly buy or hold, with average price targets in the $14-17 range, where the stock has already spent some time during COVID delays. Fisker has a lean business model, for now outsourcing production to Magna (MGA), an established and respected auto outsourcing partner. FSR has cash in the bank, 50k-60k advanced orders, a decent PR team, a small but loyal cult following, and a recognized name in the industry (Fisker) at the helm (for better or worse). There are no rocket emojis here, it's not a 10-bagger, and they probably won't dominate the industry... but it just might see some decent price action as it heads into production over the next 2-3 months. Position: Currently holding 225 calls ranging from $10-$20 with exp in Sept, Oct, Nov of 2022, and Jan 2024. Also holding 60 $11 calendars for Sept/Oct.

Material_Ad_7397

Because they are traded both on the OTC and Toronto exchange. The ticker is MGA on the Toront exchange and MGAFF on the OTC

DryEuphemism

Check out MGA

MarketMovers111

Did you do research? lol. They have a billion in cash and Magna $MGA owns part of fisker and producing the car. Not to mention they are sold out!!! lol

GigaChadEnergy

Buying chemical company into economy slowdown? I don't think that's a good idea. ON TOP OF THAT, due to inflation, war and sanctions feedstock for those companies (oil and gasses mainly) are getting very very expensive meaning compressed margins. MGA is super cyclical and very low margin company. Wouldn't buy it even in good times and especially not now. Siemens, however, is very different story from other industrials. I won't make this post too long because there is a lot to be said about Siemens but I can say this. I was buying Siemens before the pandemic, during the pandemic and will continue doing so. It's just a generational company. But I do expect some pain ahead.

iclickjohn

AMZN is charting oversold. Stochastic is just moments away from crossing back up. RSI MFI MacD are all in agreement. That is a six month chart. No one knows if oversold turns or continues but almost always makes a reversal. Keep in mind, in this market the upside may (more than likely) be short term. If you believe that you can't time the market, you could dollar cost average into a tech ETF. Tech has lost between 25 and 60 percent. If the future continues as it has for the last hundred years, you'll make at least that percent back eventually by holding long term. These are my favorite tech stocks now. IIVI, PAGS, MGA, AMZN, EPAM and ARKF. I have owned them off and on but do not currently.

nexusmoonshot

I never stopped buying. I've been picking up the following recently: $BA, $GOOGL, $JPM, $TPR, $MGA, $KTB, $SBUX, $UPST, $PYPL

rpoh73189

MGA - Magna International

Downtown-University7

Torn between Oil & Uranium equities, both looking like once in a generation events. Long FMC, MGA, CCO & YCA

integra32327

MGA! And my sleeper is ABML

VisualMod

>"What's an exit strategy?" - DFV https://t.co/MGA67wAGYE ^/r/wallstreetbets ^[@Official\_WSB](http://twitter.com/Official\_WSB) ^at ^2022-03-31 ^09:24:00 ^EDT-0400

drew-gen-x

Interesting take. Which stock ticker? $LPL? I am looking at $MGA for the same reasons. If EVs take off I'd rather own the profitable parts companies that supply the overpriced EV stocks/companies.

rrTurtles

Throwing this out there.. by end of year - likely Oct/Nov, FSR (fisker) will be a crazy hot EV momentum play. Magna MGA and FSR makes this everything the others have wanted to be but with actual deliveries that will be good (assumption but magna pumps out quality so not their first rodeo). I will be shocked if magna puts out a junk car after all their internal r&d. They need a 'retail' face to sell their products through as the other OEMs who rely on them won't permit a 'magna' car. Then there's the daily volume and support it has. Hopefully one more 'dip' to $8 then leaps but I'm looking for some reason not to follow this through with a lot of calls/shares. Any challengers?

Dogeiestdoge

Cut the losses on gold plays, bought penny stocks uranium MGA, feeling extra redarded today :))

FoodCooker62

Be careful of dividend "aristocrats" often times the companies have stalled and dividend is unsustainable with the cash flows the company generates naturally. Also, dividends can become a chokehold on a company. AT&T ($T) for example has had all of their cash flows tied up in dividends to such an extent that they have almost nothing to re-invest in the business, do acquisitions or pay off debt - people mostly buy it for the dividend so it's being held hostage, so to speak. Avoid Pepsico, Coca Cola, Kelloggs, McDonalds like the plague as these are stagnant and debt-leveraged companies with unsustainably high valuations. Some of my favorite dividend plays: $NTDOY (nintendo), $[BB.PA](https://BB.PA) (Bic), $IBM (IBM), $NTTYY (Nippon Telecom), $MGA (Magna International), $FUHJY (Subaru). Good luck!

IllBiteYourLegsOff

Tried to move on MGA last week but it slid even lower. No idea where to enter now.

nexusmoonshot

GOOGL. BA. MGA. I can't believe I'm writing this but I'm actually looking at FB.

Infinite_Chest_3141

Thinking of Magna International MGA after they release their figure. I figure it’ll drop ~10-20% and then go back up. IMO!!

spacgod1233

NVDA. Maybe MGA as a sleeper for more volatility than expected.

Zorb750

The geometry actually is a little off on them. It has square pixels, but a 720x350 resolution, so its characters are a bit squarish and the total image is wide rather than 4:3. Some other companies released displays compatible with the MDA/MGA interface, but with tall rectangular pixels, leading to a 4:3 aspect ratio

ManicBJT

Magna Apple announcement this month, $MGA callz

BernardoDeGalvez

MGA

FoodCooker62

Problem with ARK stocks is that you're fighting contracting multiples. As these speculative companies grow, their EV/Sales & EV/EBITDA multiples contract to reflect their difficulty to grow further. If you're paying a sky-high price, which these stocks are still at, your upside is extremely limited compared to when you buy an undervalued assets with an expanding multiple ($MGA is such a stock that had a way-too-low multiple for years that expanded for outsized returns).

fufm

MGA is such a piece of fucking shit

BagSelect

MGA also pumping after apple car announcement

CBH60

BULLISH $NVDA and $OUST. $NVDA By aggregating the best lidar solutions to its platform. Nvidia may also be setting the industry up for consolidation. Nvidia now has six lidar sensor vendors, including— $INVZ, $MGA, $LAZR and $OUST https://investorplace.com/2021/11/nvidias-latest-partnership-has-long-term-implications-for-lidar-stocks/

squash2034

I’m buying MGA and F to get exposure to RIVN.

FoodCooker62

Stocks are insanely overpriced. I'd only look into buying actual solid cash flow (MGA, BMY) or growth stocks at this point. Paying the current price of Nvidia or Tesla could very well be financial suicide.

Gourd-Futures69

I do work in insurance and you’re right in that auto is highly competitive, it is a game of inches, and is highly regulated which I doubt they fully comprehend at this point, especially on the pricing side where they aren’t allowed to rate off of any data they collect and rate lags behind actionable data. Thinking through it though what I think would help them is that there is a wide variety of options for insurance paper (buy an existing company, MGA model, fronting arrangement), they have an existing distribution (direct through their cars) which is big from an expense perspective - look at how big advertising is for existing auto carriers, and they have a cost advantage for their insured vehicles (no advantage for the liability side of coverage). For the float you’re right it’s not an endless bank account but the float is real and a big part of Berkshires strategy, worth reading into. Ultimately yeah idt they will have an easy time turning an underwriting profit but it won’t be as impossible for them as you think and their motives might not be to make a profit at all on this. Also I never get to flex my insurance knowledge on WSB since no one cares about insurance

UnpolishedPleb

A mix of different sectors(Crypto, Consumer Cyclical, Semiconductor, EV, SaaS, Consumer Defensive, E-Commerce) A mix of Growth, Value, and Speculative stocks with some international flavor. Coinbase $COIN Corsair Gaming $CRSR Magna International $MGA Micron Tech $MU NIO inc $NIO Palantir $PLTR Tattooed Chef $TTCF Jumia Technologies $JMIA

SwetzAurus

I saw on cnbc that some analyst group reduced forecasts for auto production today. not a great sign for auto sellers or their suppliers, like ticker BWA / MGA.

BernardoDeGalvez

Underrated and overlooked list PLTR CI INTC MGA VRTX

HigherLows83

MGA

jibiwa

I will not be cucked. Even after yesterday my MGA still up 75% over last month. I dont even see a sell button here

Flashy-Movie-5417

Squeeze of lifetime $SPUT $MGA $UWE.H $FCU This is going nuts Monday its on again!!!!

Flashy-Movie-5417

Squeeze the supply = $SPUT Squeeze the stock = MEGA URANIUM $MGA You wanna retire 2022?? Leeeetzzz gooooo 🚀🤪🔥

adulthumanman

I lost some money on MGA. I still think mga is the best choice for Apple

Antique_Still_2633

MGA because I don’t know how to cut my losses

WolfPackWSB

VRNS, MGA & Mitre

WolfPackWSB

General Dynamics, VRNS, PSEC & MGA

ElectricalGene6146

I’m up 80% on MGA and have been considering getting out….what makes you still bullish on them?

emarts2

MGA, TIGO, NOV, MLCO, BCE worth looking at

Ironleg01

>Apple (NASDAQ:AAPL) has reportedly met with Korean electric vehicle companies SK Innovation, LG Electronics and Magna International (NYSE:MGA) to serve as suppliers for the Apple Car. Cant wait for iCar and then stock dips when one of them crashes and starts burning.

KingCrow27

Adding MGA

BagSelect

MGA

APensiveMonkey

Nope. The actual word on the street is that Magna (MGA) will be producing the Apple Car in collaboration with LG.

LuckyLuckierLuckest

Why own when you can rent? United Rentals, Inc. $[URI](https://www.nasdaq.com/market-activity/stocks/uri) I am heavy in ETN, ROK, JCI, and CLF. My transportation play is Magna International, Inc. $[MGA](https://www.nasdaq.com/market-activity/stocks/mga). Car companies don't make cars, they design and assemble them.

RnLVentureCo

Honestly, I bought some $90 MGA calls for Sep. after TSMC ER because they said that auto chip shortage should ease this Q, which is what I thought was keeping the share price down besides profit taking - just trying to play what I think will be future news flow. Thinking that this could turn into an investment thesis given the inventory rebuild that'll need to happen + transition into EV's, so I'm digging around to see why APTV is commanding such a larger multiple. I'll lyk if I find anything for sure.

charcoal__

I wish I had a better response than this, but I'm basically in MGA vs APTV out of some sense of misplaced loyalty. I've been holding MGA for awhile. After you hold shares for awhile, you grow attached. It becomes like a pet. I'll mention Magna is Canadian so there are foreign tax implications if you're US-based, not really a big deal though. Was excited when there were Apple car rumors linked to MGA, and if you like Fisker, then it makes sense to go with MGA. What are your thoughts, do you like one over the other?

RnLVentureCo

How are you feeling about them? Any reason you chose MGA and not APTV?

RnLVentureCo

Anybody here in MGA?

StoxAndBlonds

MGA

Mizzou90

Anyone know what happened to MGA after hrs? It’s like they just said fuck it and sent it up

Mizzou90

I’ve been looking into adding more Magna International(MGA). Looking at the charts though I’m seeing a head and shoulders taking place especially on the 3 month chart. Curious if anyone has any stake in MGA and what’s your thoughts?

NikTebow

What do people think? &#x200B; NVDA - 25% JD - 12% ARKK - 10% ARKG - 9% SHOP - 9% ERII - 8% AMD - 7% MGA - 6% BLDE - 5% DND.TO - 4% TDOC - 3% ETH - 2%

breakingJ3w

Magna (MGA) is my unsung hero for the auto industry. EV powered or not, car companies are still going to build a car and Magna supplies the exteriors, interiors, seating, roof systems, body, and so much more.

chromegreen

BWA and MGA aren't a direct chip play but they are essential to car manufacturers and appear to be on sale due to the slow down.

rrTurtles

Got it. Buy magna as your security blanket. MGA supplies everyone with parts, commercial and passenger so yea.. if s. hits the fan, magna. Fyi, I don't have a position yet because apparently zero profit, startups with ideas on napkins of flying taxis and electric cars who roll down hills are worth more and grow more than legit companies that do the actual work.

HigherLows83

I am also bullish on Cloudflare. My other high conviction plays are MGA, BRKS and ELY

dvdmovie1

Low share price is not a reason to invest - it becomes what company do you think is the best positioned going forward? I'm not particularly enthusiastic about the automobile industry - it's a competitive, very capital intensive industry with a long, long line of bankruptcies over the years but people continue to hype EVs (despite the fact that it doesn't really change the fact that it's still a very capital intensive industry.) MGA is a kind of interesting broad automotive play (so while broadly risky if there's a downturn, you're not reliant upon one company's models being successful or not) that has investments (Waymo, Fisker) in auto makers. Whether it comes true or not who knows, but there's been continued rumors that MGA (Magna) might work on production of the Apple car. The only automotive-related thing I own at this point personally is a small position in auto tech company Cerence (CRNC)

BigJuicyKekeke

I love MGA. Solid company with the "EV" narrative driving force but without the intense price v olatility and action the other EVs company see.

the_driftless

Would love some feedback on MGA. Seems like a company that won’t stop climbing, and if the Apple EV deal works out, I’d imagine it would be a huge investment this early. Additionally ASO. I wanted to hop on, but the whole inflation news made me hesitant on a sporting goods chain.