MG, Magna

mg 2011

Magna (without the a or b now) is priced to perfection and just recently double-topped. Back in late 1991 this stock reached a of one or two dollars amid talk about  a possible bankruptcy. After that it was able to reap huge profits from, essentially, arbitraging unionized and non-unionized labour. That game is now , for the most part, over. The company may have a very bright future but for the next few years this may not be where you want your money.