It's an auto part manufacturer. They make whatever GM, Ford, etc tell them to make. Just like they have for the last 50 years probably. NOT A FRESH IDEA.
This note from Goldman was helpful. It jives with the way the HF is playing things: Watch these auto stocks to outperform as supply chain risks hang over the sector Jun. 01, 2022 10:17 AM ET Goldman Sachs sweeps down over the automobile sector with lower earnings estimates and clipped price targets to better reflect additional supply chain constraints in the near-term, as well as the expectation for weaker demand in the intermediate term. "The COVID-related restrictions in Shanghai have lasted longer than we had initially expected, and even with Shanghai moving to reopen, we believe that parts/components supply remains a risk in the near to intermediate term," warned analyst Mark Delaney. Delaney and team also pointed to weaker readings for key metrics that correlate strongly with auto demand like housing data, PMI prints, and consumer sentiment. Goldman Sachs now forecasts global auto production of 79M units in 2022 vs. 82M prior view and 84M in 2023 vs. 86M prior view. The U.S. SAAR forecast for 2022 is reset to 14.5M units for 2022 and 15.75M for 2023, below the long-term average of about 16M. Patient investors can find some attractive valuations and play the long-term electrification and mobility themes, per GS. "We continue to have a positive bias for stocks of companies that generally have solid FCF generation, good market share, and the ability to benefit from growth in EVs, ADAS, and/or datacenter." That list includes Sensata Technologies Holding plc (ST), TE Connectivity Ltd. (TEL), Amphenol Corporation (APH), Aptiv (NYSE:APTV), Lear (LEA), Magna International (MGA), Visteon Corporation (VC), Flex Ltd. (FLEX), Jabil (JBL), Keysight Technologies (KEYS), and National Instruments Corporation (NATI). Furthermore, Buy-rated ST, APTV, NATI, FLEX, and TEL are noted to be trading near the lower-end of historical valuation ranges on near-term estimates and have higher than 75% historical average free cash flow conversion and at least a 3% free cash flow yield. Lots of ideas here: Flex is an old old fave.... NATI <----
Magna International is a top pick at Evercore ISI with catalysts ahead Jun. 01, 2022 8:08 AM ET Magna International (NYSE:MGA) is one of Evercore ISI's Best Core Ideas as the calendar turns to June. And gummybear advisors agrees! "We believe the market is finally awakening to our long -held thesis that MGA could be a sleeping AutoTech & EV Giant given Steyr’s significant EV production capabilities & MGA’s pre-existing scale & scope as a top 5 global supplier," wrote analyst Chris McNally. McNally and team see core MGA earnings of more than $10 per share once supply rebounds to 2019 levels again. After adding in the Auto 2.0 potential upside on a sum-of-the-parts basis, the firm can see upside to $150 if MGA can further drive the EV evolution story & Steyr 2.0 upside which includes Fisker production, other EV contract manufacturing, and potential Apple Car production. Evercore ISI has MGA slotted with an Outperform rating and price target of $100. IRA ALERT BUY MAGNA // I WILL DO SO AS WELL // LET'S SEE HOW FRI WORKS OUT.
Flywire says study shows healthcare clients can achieve 269% ROI 09:13 FLYW Flywire Corporation revealed the return on investment of Flywire for hospitals and health systems would be 269% over three years, according to a new Forrester Total Economic Impact study that Flywire commissioned from Forrester Consulting. "Some of the leading hospitals and health systems in the U.S. are powered by Flywire's responsive billing and payments platform," said John Talaga, EVP and GM of Healthcare, Flywire. "They use Flywire to predict a patient's capacity to pay, engage patients via an omni-channel approach with personalized paths to payment, and to make it easier for patients to settle their balances on terms they can afford. This independent study validates the strong ROI that we drive for our clients, and confirms that Flywire can deliver measurable results for hospitals and health systems. Our clients benefit from the ability to create digital and self-service financial experiences, to maximize collections, reduce administrative costs, and to provide financial peace for patients." Such a big market... only player... Someone will buy FLYW....
MAGNA.<< GBA BREAKDOWN>> 1 month chart is a bit toppy.. this is a tough call. PE 15----> With profit expected to more than double over the next couple of years. That means either the PE goes to 7.5 <--- Completely out of the norm for the stk and the group... or the stock goes up quite abit.