Topic: How To Invest

The Successful Investor Hotline – Friday, September 29, 2023

Article Excerpt

LINAMAR CORP., $65.43, Toronto symbol LNR, remains a buy for long-term gains. The company 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 equipment. Linamar is now buying the U.S.-based manufacturing operations of Mobex Fourth and 1, LLC. That business makes various components for gasoline and electric-powered vehicles, including steering knuckles, control arms and subframes. The company will pay $70 million U.S. for these operations when it completes the purchase by the end of this year. To put that amount in context, Linamar earned $160.8 million (Canadian), or $2.61 a share, in the three months ended June 30, 2023. It expects the new operations will quickly add to its earnings. So far, the strikes by autoworkers in the U.S. have had limited impact on the company. That’s mainly because the union has decided to target certain plants instead of shutting down all of them. Linamar is a..

The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.

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Changes to this Policy

This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.

TSI Network may revise this Policy from time to time.

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