Linamar - LNR . TSX
Company website: http://www.linamar.com/
Morningstar: Current stock price & financial data
This is what I thought in July 2016 when I first bought the stock...
Linamar is a large cap auto parts manufacturer. 60% of its business is in Canada with the other 40% spread across the US, Mexico, Europe and Asia. They also have an industrial scissor lift division which provides about a quarter of the company's profits. They have done very well since the depths of the last recession and have enjoyed strong earnings growth and expanding margins. On a trailing p:e basis, the stock looks extremely cheap with a p:e ratio of around 7 using my initial purchase price of $46.38. Many in the industry are concerned that dealer inventories are high and that the recent torrid rate of auto sales will cool off in the future, but at this price, I believe those concerns are more than priced into the stock. If the company can continue to deliver the way it has in the past, the current share price should offer an attractive entry point.
What's changed since I made my first purchase of this stock? Follow the ongoing story in the posts below...
Mentioned / Featured in the Following Blog Posts
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Portfolio Review – October 2022 October 4, 2022
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Portfolio Review – June 2022 June 13, 2022
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Portfolio Review – March 2022 March 12, 2022
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Portfolio Review – October 2021 October 6, 2021
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Portfolio Update: Sold Genesco September 20, 2021
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Portfolio Review – March 2021 March 31, 2021
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Portfolio Review – Year End 2020 January 4, 2021
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Portfolio Review – October 2020 October 4, 2020
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Portfolio Review – June 2020 May 29, 2020
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Portfolio Review – Year End 2019 December 15, 2019
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Portfolio Review – October 2019 October 23, 2019
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Portfolio Review – June 2019 June 9, 2019
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Portfolio Review – January 2019 January 2, 2019
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Portfolio Review – October 2018 October 13, 2018
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Portfolio Review – June 2018 June 1, 2018
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Spotlight On Linamar March 16, 2018