LINAMAR (LNR TSX) Linamar is doing well overall largely because its industrial segment, which includes its Skyjack aerial lift business and its agriculture machinery business. The results of its industrial segment is actually masking its much weaker auto parts business which has been basically operating at trough margin levels. But here's the opportunity - its largest industrial business, Skyjack, is expected to continue to perform well this year because its entire industry is still enjoying high backlog levels. Linamar is optimistic about taking market share likely because their manufacturing is domiciled in Canada where they take advantage of the weaker Canadian dollar. Based on its quarterly results announced just last week, where the company reported solid organic growth, strong growth from acquisitions, and attractive margin expansion, its auto parts business appears to have finally turned a corner. Analysts had expected overall margins to be lower than the actual result, and management has raised its margin outlook further.
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