Investment Thesis
Martinrea International (MRETF) [TSX:MRE] delivered solid Q1 2019 despite a weak auto market in the quarter. The company should continue to benefit from the trend towards lightweight vehicles as it supplies lightweight structures to automakers. Martinrea should also benefit from the popularity of SUVs, CUVs, and trucks as it has a high exposure in these types of vehicles. Its shares are currently trading at a discount, and we believe investors will be rewarded in the long-term.
Data by YCharts
Recent Developments: Q1 2019 Highlights
Martinrea delivered solid Q1 2019 results despite