Linamar is updated and rated Strong Buy at $48.10. With earnings in the past 12 months of $8.82 and trading at just 82% of book value despite a trailing ROE of 16%, it certainly looks cheap. But the auto industry has declined somewhat especially in Europe and Asia. Linamar was previously projecting an earnings gain in mid single digits percentage for 2019 but with a decline in Q1 it may struggle just to match the 2018 figure. Over time it will likely continue to grow and if so, its current price is a good buying opportunity.