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

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To: Pierre Depelteau who wrote (1)4/8/1997 12:33:00 PM
From: Oliver Macko   of 16
 
Thanks for your reply, Pierre. Magna is a well run company in a growing market. I feel that strategic vision is their most impressive attribute. For example, they were one of the first to widely use hydroforming in production. This process offers numerous benefits over traditional production methods, and Magna is one of the leaders in researching and implementing this technology. Also note that they currently have a mountain of cash available for further acquisitions and capital investment, likely in Europe.

Regards, Oliver.
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