03-03-2015, 08:51 AM
(02-06-2015, 01:16 PM)Roadmap2Retire Wrote: I started investing in MGA last fall. The stock has been fairly flat since then after a minor correction (MGA lowered their 2015 earnings expectations). However, the stock is seriously undervalued and has a great business.
Heres my post detailing why I like it
http://roadmap2retire.com/2014/11/recent...ional-inc/
Great writeup of a great company. I've stayed far, FAR away from the auto industry for many different reasons (I like companies whose products are not so heavily reliant on heavy R&D and annual releases), but the fact is that almost everyone drives. Owning the number one manufacturer of auto parts is a great alternative to owning the auto makers themselves and hoping that people aren't buying the competition or that the auto makers aren't begging Congress for a bailout AGAIN. As you said, almost every car out there has an MGA product somewhere in it. Now THAT'S a business I can get behind.
Which is why I went ahead and invested in it. Thanks for the "hot stock tip"! Don't worry, I did my own research into the company and its figures to see if it was for me or not.