Q: Hello 5i team,
I wanted to add to my WPM holding and was wondering if it is still ok to add at these levels?
For MG, it has taken a hit in the past year and wanted to initiate a position at this level, are you still comfortable with Magna or is there something more fundamental going on.
Thank You,
Anrew
I wanted to add to my WPM holding and was wondering if it is still ok to add at these levels?
For MG, it has taken a hit in the past year and wanted to initiate a position at this level, are you still comfortable with Magna or is there something more fundamental going on.
Thank You,
Anrew
5i Research Answer:
MG is cheap, and we are OK with it, but our patience is getting thin. It is cyclical, so it should be able to do better with lower interest rates. Good EPS growth is expected. We would see it as a HOLD. We would be comfortable buying WPM at current levels.