Updating your Aggressive stocks: Home Capital Group, Linamar and SNC-Lavalin Group

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HOME CAPITAL GROUP INC. $28 (www.homecpaital.com) remains a hold for aggressive investors. The alternative mortgage lender recently launched an offer to repurchase up to $115 million of its shares (roughly 11% of the total outstanding) through a Dutch auction process. However, it ultimately repurchased only $44.3 million worth of its shares. That’s because Home Capital recently rejected a takeover offer worth more than $28.60 a share (the maximum price under the Dutch auction), and investors expect a higher bid will emerge. Home Capital Group is still a hold for aggressive investors. LINAMAR CORP. $55 (www.linamar.com) is a buy. The auto parts maker continues to win new contracts for electric-powered vehicles (EVs). In the first half of 2022, EV-related orders accounted for 74% of its new business wins. More recently, Workhorse Group selected Linamar to supply specialized axle assemblies for its commercial electric-powered delivery trucks. The company will begin producing these products in mid-2023. Linamar is a buy. SNC-LAVALIN GROUP INC. $22 (www.snclavalin.com) is still a hold. The engineering firm has won a new…