Its one of the darlings in the Canadian industrials space as they have a global sales reach. Lots of discussion by the local journalists and money managers. Another one that pops up with Magna is Linamar (LNR.TO) - but they are more specific to drivetrains in automakers. Magna is more diversified with parts going for exteriors, interiors, fuel & battery systems, powertrain, vision systems, electronics etc.
This page details Magna's capabilties and lists customers for each division.
http://www.magna.com/capabilities
I initiated 2 seed positions today in TJX and DIS
![[Image: xoC3Esk.png]](https://i.imgur.com/xoC3Esk.png)
![[Image: 09KEzyw.png]](https://i.imgur.com/09KEzyw.png)
When inserted into my portfolio and using the metrics displayed in the screenshots TJX ranks as my 10th "best" equity and DIS is 22nd.
Both purchases are a bit of a departure for me as their current yields are the lowest in my portfolio aside from V. However they also boast 2 of the 3 bottom spots for payout ratio, and their next year EPS projections look great.
Both prices & P/E are high for their historical ranges but you've got to buy sometime.
(11-20-2014, 11:17 AM)rapidacid Wrote: [ -> ]When inserted into my portfolio and using the metrics displayed in the screenshots TJX ranks as my 10th "best" equity and DIS is 22nd.
Both purchases are a bit of a departure for me as their current yields are the lowest in my portfolio aside from V. However they also boast 2 of the 3 bottom spots for payout ratio, and their next year EPS projections look great.
Both prices & P/E are high for their historical ranges but you've got to buy sometime.
ra, I think TJX is a great company. Their long-term performance is wonderful, I like their execution and format. I think management has great plans going forward. They started expanding in Europe, got stuck a little and retrenched and are slowly working their way back into that market. Something similar happened in Canada but their eyes are still on that market.
Ironically, I put TJX in my wife's portfolio in the middle of the Great Recession before I fully understood the DGI and buy & hold great companies maxims and sold it after a double. Then they split and bought Sierra Trading Post which I consider an under-appreciated asset. I rue that decision. I think they & ROST fill a niche between the dollar stores and full-line stores like Kohl's, Target, JCPenny & Macys.
I don't know how long you intend to hold it but 10 years from now you should be very happy with that decision. I hold ROST and TJX will be back in my wife's portfolio when cash is available and the price is right -- not that it's really overpriced too badly now. You're right, yield is very low. I consider it one of my capital gains plays with a dividend kicker but 10 years from now, it may be adding a significant amount to the dividend pile.
DIS -- what can you say; it's an American icon brand.
I debated between ROST and TJX when I built my portfolio and decided to go with ROST. Both are great companies who have had very consistent histories.
ROST released earnings after the bell and easily beat estimates. Looks like retail may finally be picking up. The lower gas prices should be giving a good boost for the upcoming shopping season as well.
(11-20-2014, 10:19 PM)EricL Wrote: [ -> ]I debated between ROST and TJX when I built my portfolio and decided to go with ROST. Both are great companies who have had very consistent histories.
ROST released earnings after the bell and easily beat estimates. Looks like retail may finally be picking up. The lower gas prices should be giving a good boost for the upcoming shopping season as well.
LOL, but the lower gas prices will eventually impact the profits for you gas stocks.
just can't win.
JK, in the long run it all works out.
Jim
By the way, nice shot on the ROST, that has to make you happy going into the weekend.
(11-21-2014, 04:38 PM)Jimbo Wrote: [ -> ]By the way, nice shot on the ROST, that has to make you happy going into the weekend.
It was a nice offset to the turd that Gamestop (GME) laid for me.
Bought some BNS.
Had a DRIP plan for BNS. Decided to cancel it and move the funds over to a tax sheltered account instead. So, not really a new investment, but re-initialized.
Bought MSFT today in 3 different portfolios. I liked the little dip.
Initiated a half position in Canadian National Railway (CNR.TO) (CNI).
Not a very cheap stock (PE 23, Forward PE 20), but after a 4% fall today - I decided that it was as good a time as any to pick up my first railroad stock.
More MLPL. Once again, midstream MLPs are being traded as if they are upstream MLPs.