LINAMAR CORP. $77 - Toronto symbol LNR

LINAMAR CORP. $77 (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.8 million; Market cap: $5.0 billion; Price-to-sales ratio: 1.2; Dividend yield: 0.5%; TSINetwork Rating: Average; www.linamar.com) plans to expand its transmissionmanufacturing facility in Guelph, Ontario. This project will focus on developing lighter auto parts that will help carmakers comply with tougher fuel-efficiency regulations.

The company will spend $506.8 million on the expansion, but Ottawa has agreed to provide a $50.7-million loan for new equipment and research. The Ontario government will also supply a $50.25- million grant.

Linamar is a buy.

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Vernon Jones

Vernon is a managing editor at TSI Network, working with a team of analysts and reporters to develop editorial content focused on Canadian investors. An award-winning journalist, Vernon has years of general and business reporting experience at five of North America’s major dailies, including the Globe and Mail, Wall Street Journal and the Chicago Sun-Times. He was also business editor for one of North America’s oldest newspapers. He led the development of ten national business-to-business magazines, including Wealth Professional and Insurance Business Canada. The Toronto native is a graduate of Toronto Metropolitan University’s school of journalism, and holds a master’s degree from the University of Illinois at Urbana-Champaign.

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