Q: How is this company expected to do in the face of tariffs? Can Granite still do well if Magna struggles? Can there be growth? Buy, sell, or hold? Thank you!
5i Research Answer:
GRT.UN gets most of its revenue from MG leases. It can do OK as long as MG is solvent, and we would not have any concerns there. But with tariffs MG is not really likely to expand, either, so GRT may see limited new opportunities from it. But, GRT is priced well and holding up relatively OK in the face of all this bad news. We would be OK holding now and buying a bit into any weakness.