1/n I have no idea if $AAPL is going to partner with Magna. But surprised the EV lunatics aren't all over $MGA:

2/n the company is an investor in Waymo and partnered with them on Waymo's first factory

3/n Magna makes the Jaguar i-Pace

4/n Magna is building the Fisker Ocean SUV and has warrants for a 6% equity stake in Fisker

5/n The company is already very active in core autonomous technologies and is first to market with solid-state LiDAR

6/n $MGA's market cap is just under $20B. It will do $38 Billion in revenue in 2021 (cons). Balance sheet is pristine with net debt to forward EBTIDA of only 0.6x.

7/n $MGA trades for just under 10x forward P/E. Equity free cash flow yield (on Barclay's numbers) is 8% on 2021, and 13% on 2023 estimates (once EV platforms kick in). This of course values the Waymo and Fisker stakes at zero.

8/n Any $AAPL EV announcement this thing moons. Could moon if the clowns chasing EV start sniffing around. Possible takeout target as well.

9/9 Not advice, DYODD, "auto parts" is a shit business but when has that ever stopped idiots from plowing into stuff?