MGA

Sequoia (Ruane, Cunniff & Goldfarb) files 13F for March 31st, 2009

(via www.rocketfinancial.com)

Sequoia's (Ruane, Cunniff & Goldfarb) Q1 portfolio has been filed. New or increased positions include OMC, MA, BER, GOOG, KALU, MGA, KFT, GGG, CAT, VMC, AXP, WMT, BRKb, etc.

Magna International

(via barelkarsan.com)

Magna International (MGA) is a global auto parts supplier. The stock was flirting with $100 last year, but due to the collapse of the auto industry it now trades at just $26. Does this stock represent a great value opportunity for long-term investors who expect auto sales to return in the long run?