Linamar Corp LIMAF

Buybacks

[longrun86]

They should be buying back a lot of shares at this price!

Need the Board to step up and allocate more capital to this and take the free float down.

[ValueBets]

It is a not sense if they don't! No urgency for debt reduction at this level. Unless a transformational acquisition is on the table (in a new vertical), or a complementary acquisition for the ag business (or similar move), I would love if they could buyback 10% of outstanding shares under 70$.  90$ in book value per share, good/reasonable return on equity. This is a low risk high

[AVALONSHARK]

Maybe they want to monitor market conditions for a couple of quarters before committing to a large buyback. The market has been discounting this given the future outlook.

[Jonathan9]

As much as I would like to see buybacks, I have a feeling this is not what they will do. They have always prioritized growth.  At $10 Billion in sales, double digit growth means adding $1 billion+ in sales at a minimum every year. I don't see how they can do this without acquisitions. The capital required on the mobility side would be enormous.  I see a cycle of pay down debt and

[ValueBets]

I agree to differents very nice scenario, depending on opportunities management will see. They for sure have a lot of free cash flow expected, if they don't go for buybacks, I hope they will invest outside mobility to improve market acceptance they are becoming a diversified industrial company. How about an acquisition to get a real foot in the door of a fourth segments? Perhaps a significant

[longrun86]

It will be interesting to see what the other vertical opportunities look like. Medical devices seems a bit far afield. Aerospace and Maritime could be too volatile. I would like them to look a little deeper into the construction vertical and had wondered if Manitowoc would be a good fit. The good news is that the share buybacks and acquisitions are by no means mutually exclusive. They have

[ValueBets]

Thanks for sharing Manitowoc, interesting business.. I also hope they could grow the construction business with a complementary acquisition.   With Ag business integrating 2 recent acquisitions, and Mobility large enough, I prefer construction to new verticals entry that will come with sacrifices.   Let see what the futur hold, and perhaps some share buybacks will not be a bad

[longrun86]

Agree on the construction vertical! Aviation probably too much of a stretch.