Linamar has turned pandemic loss into profit

Linamar has turned pandemic loss into profit

Improved automotive parts sales led to a 70.6% jump in revenue for this company during the most-recent quarter. 

A cost-cutting plan also helped the firm rebound and better positioned it for the industry shift to electric vehicles.

The stock trades at just 9.3 times the company’s 2021… Read More

Q: Electric-operated vehicles look like a big part of the future. But I’m wondering about your Successful Investor auto-parts pick Linamar. How is it preparing for the auto industry’s ramp-up of electrical vehicle production? Thanks.

A: Linamar Corp., $78.65, symbol LNR on Toronto (Shares outstanding: 65.5 million; Market cap: $5.2 billion; www.linamar.com), makes a variety of automotive parts, including cylinder heads and cylinder blocks. It also makes self-propelled, scissor-type work platforms under the Skyjack brand as well as agricultural harvesting… Read More

Electric cars will push Linamar higher

Linamar’s shares are now up over 200% from their low of $24.57 on March 23, 2020. That reflect rising demand for new cars following COVID-19 lockdowns. Even after that big gain, the stock is poised to keep moving higher, particularly as Linamar’s expertise helps automakers… Read More