I'm in for 100k at 58.10 more at www.retirementrush.com
Love this stock. Like the auto sector! Big Instituions and "peak auto" couldn't be more wrong. Too much ego to say they're making the wrong bet.
So it looks like Linamar is near 52 week lows. The markets hasn't responded to their exceptional performance and clear vision moving forward. They will soon. As Linamar continues to pay down their debt from its acquisition it will be spitting out free cash flow… bills will be flowing out of their vents… Nothing speaks more to security then lots cash flow. I would expect they will then increase their dividend. Even if the market drops more they will still have a pristine balance sheet and will be twice the company they were 6-10 years ago.
Maturing vehicles across Canada, the U.S., Europe, extremely low interest rates for financing!!, baby boomers with wealth and at the end of the day consumers are addicted to spending on cars! It’s an identity.
I can’t wait to see how they’re going to be able to improve margins in their European acquisition.
High insider share ownership. I believe over 30%
Autoinvetor day was May 25th. IHS automotive gave their views on tech, global growth in auto and other trends. They see global growth going to 100 million by 2020! with a peak around then. They still expect significant growth out of the u.s. far into 2017. Lots of time for Linamar to pay down it's acquisition and be prepared to make another by 2022.
For these reasons I rank Linamar an exceptional value and growth buy. Timing is a little challenged as investors are still chasing yields.
Three Million Dollar Mission