RE:RE:RE:Capital Allocation I am pleased to be able to buy shares at this price.
Linda's transition makes sense to me.
My sense is that the market is still grappling with the mobility side of the market and doesn't yet understand the transformation that is taking place on the industrial side. It could take a while yet but it will happen eventually as long as the industrial side continues to grow and clearly becomes the primary driver of earnings and free cash flow.
From a capital allocation standpoint, they are right to put money into share buybacks at this time and that came across clearly in the conference call. They are smart enough to know that there probably isn't a better company they could buy at the current time that can be acquired as cheaply as Linamar's own shares!
LR