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home / news releases / MGA - Linamar: Finding Value In Auto Companies


MGA - Linamar: Finding Value In Auto Companies

Linamar (OTCPK:LIMAF) is looking highly appealing to contrarian value investors with the company's shares trading at a meager 5.4x trailing-twelve-month P/E based on management's 2018 adjusted CAD$8.82 diluted EPS given in the Q4 and fiscal year 2018 results released on March 11. Shares of auto industry companies have been beaten up recently due to U.S. trade concerns, slowing demand in China, as well as the European Union's new WLTP (Worldwide harmonized Light vehicles Test Procedure) potential to drive up costs across the industry. Along with some of the major auto manufacturers to be

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Stock Information

Company Name: Magna International Inc.
Stock Symbol: MGA
Market: NYSE
Website: magna.com

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