Q: Hello 5i team,
In following the balanced portfolio, I have wanted to enter back into a position with Magna (MG). It seems to have hit a bottom. I know you have put it as a hold in past questions, further to that, are you still relatively far away from removing it from the portfolio? Is there still confidence as a value stock?
If any gas powered vehicle bans are lifted, would that be a further boon for the stock(although they are far away)?
Thank You,
Andrew
In following the balanced portfolio, I have wanted to enter back into a position with Magna (MG). It seems to have hit a bottom. I know you have put it as a hold in past questions, further to that, are you still relatively far away from removing it from the portfolio? Is there still confidence as a value stock?
If any gas powered vehicle bans are lifted, would that be a further boon for the stock(although they are far away)?
Thank You,
Andrew
5i Research Answer:
Any legislative move that does not restrict any type of production should be a net positive. While we reserve the right always to change our mind, we would not say MG is at any immediate risk of leaving the portfolio.