Q: What is your current view of the big three Canadian auto parts manufacturers. Are they buyable? Are you discounting tariff concerns yet? Which would be your pick?
thanks, Hugh
thanks, Hugh
5i Research Answer:
Valuations we think have adjusted enough that the bottom may be close. Tariffs remain a question mark, and anything could still happen there, so we would be cautious on sizing and keep a long term in mind. MG would remain our favourite on size and valuation and with its higher non-US exposure. It has lagged somewhat, but we would consider it the safest in the sector today as well.