Linamar Corp T.LNR

Alternate Symbol(s): LIMAF

Consumer Cyclical Auto Parts

Linamar Corporation is a Canada-based advanced manufacturing company. The Company is engaged in providing manufacturing solutions and developing engineered products. Its segments include Industrial and Mobility. The Industrial segment consists of MacDon, Salford, Bourgault, and Skyjack. MacDon manufactures combined draper headers and self-propelled windrowers for the agricultural harvesting industry. Skyjack manufactures scissor, boom, and telehandler lifts for the aerial work platform industry. The Mobility segment is focused on propulsion systems, structural and chassis systems, energy storage and power generation for both the global electrified and traditionally powered vehicle markets and is subdivided into three regional groups and one global product group: North America, Europe, Asia Pacific, and the newly formed Structures Group. The regional mobility groups are vertically integrated operations combining expertise in light metal casting, forging, machining, and assembly.

TSX:LNR - Post by User

Linamar Corp > Capital Allocation

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Comment by longrun86on Nov 22, 2023 2:55am

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Post# 35747815

RE:Capital Allocation

Funny, I had the same thought today.

The current share price is a gift.

I like buybacks a lot because I am not a dividend investor and am looking for long-term capital gains. I really hate the idea of the share buyback tax of 2% coming into effect in 2024 but its still worth it for Linamar.

As long as Linamar continues allocating capital to the right things, the multiple discount should close over time to reflect that the company is no longer just an auto-parts input provider.

LR

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