LIMAF - Linamar: An Auto All-Star
In the Saga Partners Investor Letter sent out this week, we provided an update to our investment in Linamar ([[LIMAF]], LNR-CA). We first wrote about Linamar in November 2017. Below is the excerpt from the recent letter.
Background
Linamar is an auto-OEM headquartered near Toronto, Canada. The company has been part of the Saga Portfolio since early 2017. The longer we have owned and gotten to know the company, the more we like it, especially when considering the recent bargain-basement valuation.
There is a lot to like about Linamar. It benefits from customers typically