Q: Hello. I’ve been holding Magna for a couple of years and the stock is down 44%. It represents 1.2% of my portfolio. Would you recommend selling and if so what is another stock in the same sector that might offer a better potential?
5i Research Answer:
With the decline embedded, and lower rates possibly helping the stock, MG we think can still be held. But LNR is outperforming it, and is just as cheap on valuation. LNR is smaller, but we would be fine with a switch if investors lose patience with MG.