Updating LINAMAR CORP., INDIGO BOOKS & MUSIC INC. and HART STORES INC.

Article Excerpt

LINAMAR CORP. $14 (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.7 million; Market cap: $905.8 million; Price-to-sales ratio: 0.5; Dividend yield: 0.9%; SI Rating: Extra Risk) will close its plant in eastern Ontario in the next few months. The company feels the plant, which makes parts for brakes, suspensions and other auto systems, is no longer profitable. It is also Linamar’s only facility outside of its main operations in southwestern Ontario. The company did not say how much it would have to pay in severance. Meanwhile, Linamar earned $0.02 a share in the three months ended September 30, 2009. That’s down 90.9% from $0.22 a year earlier. However, it’s a big improvement over the $0.16 a share it lost in the second quarter of 2009. These figures exclude writedowns and severance payments related to previous plant closures. Sales fell 22.1%, to $421.1 million from $540.4 million. However, the company has won $300 million in new contracts…