Magna international made Sony's EV on CES 2020- Here is how company valuation looks
Magna international is a Canadian auto parts company with contracts that span over the whole auto sector. Car demand is now weak in whole sector but EV production is ramping up fast.
Magna designed and manufactured Sony's electric car concept which was presented in CES 2020.
Looks far more than regular concept. Will they make this? We don't know yet but for now it only showcases Sony's car tech.
Magna is now fairly valued respect to earnings expectations
If forecasted growth is matched, investors could enjoy 20% yearly gains in returns.
I don't own Magna or have plans to buy it for now but valuation looks attractive.
Keep on investing!
Posted from my blog with SteemPress : https://more-dividends.com/magna-international-made-sonys-ev-on-ces-2020-here-is-how-company-valuation-looks/
Congratulations @investing101! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!