RE:Tepid reaction to great resultsIt is curious to me what it will take for the market to see that the company is no longer just an auto parts manufacturer and price it accordingly.
The story of the shift in capital allocation to a more stable stream of cash flow and being a brand manager has been in the market for a little while. Management is starting to do a better job of highlighting this but it coudl still take some time.
They are certainly delivering good results and at the current price I would like to see them be a bit more aggressive at buying back shares.
The Bourgault acquisition will bring some further interesting opportunities to deploy capital.
There are definitely a few more acquisitions that Linamar could do in the Industrial space that is closer to the construction market. One of the ones I have been watching is Manitowoc which is a manufacturer of cranes. It's not something I own personally but its the type of thing where there could be an adjacent fit with Linamar.
Lots to look forward to with Linamar in the years to come and while there continues to be a muted response to good news coming from the company, I believe that it will hit an inflection point.
LR