March 14, 2017

MGI Coutier

We feel like a SITTING DUCK on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
MGIC (FR0000053027)

MGI Coutier SA is a France-based company specializing in design, manufacturing, and marketing of automotive equipment. The Company’s activities are based on two main production lines: Fluid Transfer and Mechanisms.

MARKET: Euronext Paris



Gain over the quarter: +18.9 % 


Fair value: 31 €
Discount: N/A
Average yearly return: 46%
Yield: 0.84%
Outperformer

February 8, 2017MGI Coutier reports: * Q4 revenue 244.7 million euros
* Expects possible revenue of 1 billion euros in 2017
* To launch two new factories in Bulgaria and Thailand