Linamar updated May 25, 2023

The report on Linamar is updated and rated Buy at $63.90. Its valuation and its very recent strong earnings recovery would suggest a higher rating. But the market never tends to put a very high P/E or P/B multiple on it due to its cyclical nature. And with forecasts for recession, the market may continue to be cautious. But overall it is a strong company¬† that appears set to grow earnings and perhaps get back an ROE in the mod teems and you can buy it for 80% of book value. It’s likely to be a long-term winner.

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