Magna International Inc. (MGA)-A Bull Case Theory

In this article, we’ll summarize a bullish thesis posted on VIC regarding Magna International Inc. (MGA) in late July when MGA stock was trading at $43. Since the publication of this thesis, MGA stock has seen a modest uptick, currently trading at $43.90. MGA stock’s forward GAAP PE ratio stands at 9.54, while it trades at just 0.30 times forward sales estimates.

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The bullish narrative around Magna International suggests the market is underappreciative of its position in key automotive...