RE:RE:RE:RE:Crazy business....Everyone agrees that buying back shares is a great idea at this price and on the last earnings call they definitely faced pressure to do that; however, they have not been active with any buybacks thusfar. I am dissapointed in their lack of action.
I agree that buying back shares at this price is warranted but I would like them to indicate more broadly what their capital allocation framework would look like. For example, they would allocate X% of FCF to buybacks for 2025.
I don't want them to take on additional debt or use any credit facilities to buy back shares. Too many companies have done this and it turns perilous when you encounter turbulent times.
Increasingly, Linamar must assert to the market that it is an Industrial brand owner and that it deserves a different multiple.
LR