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Martinrea insiders buy despite border adjustment tax fears

A proposed border adjustment tax may be a concern for Canada's auto industry, but Martinrea insiders are unfazed.

Pablo Martinez Monsivais/AP

Since the semi-annual rebalancing of the INK Canadian Insider Index on Nov. 18, Martinrea International Inc. has been the best-performing member, up about 33 per cent.

While the impact of the border adjustment tax proposed by the House Republicans in the United States may be cause for concern in the Canadian auto industry, Martinrea insiders appear unfazed. In fact, chief executive officer Pat D'Eramo was buying earlier this week following the release of year-end earnings on March 2. Since the election of Donald Trump, his and other insider public market purchases total about $575,921.

Disclaimer:

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Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Graph Footnote:

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

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