Magna International Inc. (mga) - Bouncing Back?

Discussion in 'Investment Charts' started by longtermbull, Mar 16, 2018.

  1. longtermbull

    longtermbull Administrator Staff Member

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  2. Chartman

    Chartman Senior Investor

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    Whatever the details of the deal, there is no doubt that self driving vehicles are the future. Once driver sentiment towards these vehicles turns positive (perhaps with the help of more tax incentives) the industry will grow very quickly.
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    The share price seems to be consolidating after news of the recent contract. It is better to supply an industry than being an industry leader. For example, Tesla is out on its own and if the company hits trouble there is nobody there to support it except the current management. If Magna International Inc. was to experience problems with one customer it could simply look for a replacement.
     
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