Linamar hopes for a “green” advantage

Article Excerpt

LINAMAR CORP. $14 (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 69.8 million; Market cap: $977.2 million; SI Rating: Speculative) has started selling a new, rechargeable electric lawn mower that performs as well as a traditional gasoline-powered lawnmower. This new mower should appeal to environmentally conscious consumers. Linamar will also offer customers a recharger that uses solar energy instead of a regular electrical outlet. Innovative consumer products like this should help Linamar offset its exposure to the slowing North American auto and construction industries. Linamar is a buy. buy…