After Falling 36%, is Magna International a Buy?
Magna International (TSE: MG) (MGA) is a mobility technology company that supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures; Power and Vision; Seating Systems; and Complete Vehicles. Like most companies, Magna''s stock is well off its highs. However, does this mean that the stock is undervalued? Measuring Efficiency Magna International needs to hold onto a lot of inventory in order to keep the business running. Therefore, the speed at which a company can move inventory and convert it into cash is very important in predicting its success.
After Falling 36%, is Magna International a Buy?
Magna International (TSE: MG) (MGA) is a mobility technology company that supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures; Power and Vision; Seating Systems; and Complete Vehicles. Like most companies, Magna''s stock is well off its highs. However, does this mean that the stock is undervalued? Measuring Efficiency Magna International needs to hold onto a lot of inventory in order to keep the business running. Therefore, the speed at which a company can move inventory and convert it into cash is very important in predicting its success.