August 11, 2019
On Friday, the S&P 500 was down 0.7% and Toronto was down 0.4%.
Linamar was hammered down 8.1% (see update). I will be interested to see if the analysts lower their forward earnings estimates. According to Yahoo Finance, the forward P/E is just 4.4.
AutoCanada recovered 11.0% as it reported improved sales and EBITDA. The results are still far from good, but it is an improvement.