Discover and read the best of Twitter Threads about #ShitManagementSays
Most recents (1)
True Gem on #ShitManagementSays from Motherson Sumi 3QFY21 Presentation, emptiest words ever:
"Industry outlook: OEMs continue to work with suppliers, given challenges in supply of certain critical components"
Wut?
"Industry outlook: OEMs continue to work with suppliers, given challenges in supply of certain critical components"
Wut?
Magna (MGA) is the closest peer to Motherson Sumi - offers the same products to same customers. No wonder their margins track each other.
Both reported multi-year high margins in Dec Qtr but note the sharp QoQ fall in MGA margins Mar Qtr as input cost benefits prove temporary.
Both reported multi-year high margins in Dec Qtr but note the sharp QoQ fall in MGA margins Mar Qtr as input cost benefits prove temporary.
Magna is four times bigger compared to Motherson on sales & has structurally had better margins than the latter. So, its a much more formidable player. Still Magna trades at EV/EBITDA of 6-7x vs. Motherson at 13-14x!
Trade away as you wish but don't forget the big picture
Trade away as you wish but don't forget the big picture
