LIMAF - Linamar: Diversified Manufacturer At An Attractive Price
Note: All figures discussed will be in CAD unless specified as otherwise.
Thesis
Strong management, operational efficiency, and revenue diversification have allowed Linamar (LIMAF) to consistently generate strong margins and build a sound financial position. A recently poor business environment has led investors to sell Canadian manufacturing stocks, leading to a discounted value. Although headwinds are still present, current share prices create an attractive buy.
Introduction
Canadian manufacturing stocks have come under selling pressure in recent years. The general deterioration of major purchasers in the auto industry, coupled with unrelenting fears of tariffs in the