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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (109901)	11/22/2021 2:53:35 PM
From: Goose94	Read Replies (1) of 202904

Martinrea Int'l (MRE-T) revisited 2.0 top pick from John Zechner on BNN.ca Market Call Monday Nov 22nd @ 1200ET Stock fell after recent Q3 results, which were hurt by global chip shortage, tighter labour markets, material cost increases and their negative impact on auto production. However, we should see a significant recovery in earnings and cash flow as auto production ramps back up. Their focus on the ‘lightweighting’ of vehicles through greater use of aluminum parts, a key factor in meeting the growing demand for electric vehicles, is helping to secure new programs. Their investment in graphene supplier NanoXplore, which gives it EV battery exposure, is worth another $2.50 per MRE share. The heavily discounted valuation provides an opportunity much like it did at market lows in 2009 and 2016. Insiders at the company have also been active buyers of the stock recently, another endorsement of the attractive valuation and growth.

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