On Thursday, the S&P 500 was up 0.6% while Toronto was down 0.3%.
Linamar was down 4.5%. This came after CEO and founding family member Linda Hasenfratz painted a very grim picture of what would happen to the entire North America economy if heavy tariffs were introduced on vehicles and parts to the U.S. Auto prices in the U.S. would rise sharply and auto sales would plummet and cause a deep recession she warned.
While there are risks and no guarantees, my approach is to add a bit to my position here. Given the risks I would not be brave enough to invest a large amount of new dollars at this time but I am willing to nibble at the lower price. If I did not own it already, I would then be willing to buy a reasonable amount at this lower price.