Hopefully you had a chance to get out ahead of this earnings report.
I missed today's move because I locked in profit on JAN 60 calls I sold the other day when it looked like the market, including MGA, was pointing to a pullback. Locked down 35% on BWA, 22% on TEN and 5% on MGA (didn't have them very long). Missed this additional 5% but got back in this morning for March 60 strike calls, for $20.48. Currently trading over $21 so there is a bit caught but I definitely missed the bulk of today--- sick to my stomach for my error.
I think we're looking at $85-90 on this one. Their growth is picking up steam and it is currently selling at it's growth rate. I think a bit more is justified, so maybe P/E of 15 on next years earnings of $6-- $90. BorgWarner is selling at forward of 16-17 and they don't nearly the same scope of products but they have the growth rate. MGA is showing that they have the growth rate as well.