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Gold/Mining/Energy : Magna International (MGA on NYSE)

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To: Oliver Macko who wrote ()	4/7/1997 8:18:00 PM
From: Pierre Depelteau	of 16

The biggest player in the field. Recommanded by Morrow from CIBC Wood Gundy. BILAN: Sales increase of 37% in 96 ( 1.8 Billions). The TSE Auto & part index posted a total of 36% surpassing the TSE 300 composite index return. of 22%. According to DesRosiers Automotive profits from publicly traded auto parts co. surged 53% last year (96) 707 Millions compared with 95 27% to, 9.6millions. 1997 may follow the same route! Recommanded by PCJ Inv. Council, Nereo Pitico who like auto sector secteur auto.(25-2-97) Montreal senior analyst Jarilowski is super positive on Mana (Fev. 97) I like this stock too. They just acquire recently a german organization in the field.

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