Linamar stock ‘highly undervalued,’ executive chair says after Q3 earnings release

Jordan FleguelLinda Hasenfratz, executive chair of Linamar, discusses the manufacturing company's Q3 report and an anticipated decline for Q4.

“Markets are a little soft at the moment, we’re definitely seeing customers shutting down to normalize inventories somewhat, we’re expecting the same in the fourth quarter,” she said. “Historically that’s been mainly through a dividend program, although we have done share buybacks before. We have heard from our shareholders that they would like us to prioritize share buybacks in circumstances where we feel that the share price is undervalued,” she said.

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Global refinery market weakness hits Parkland Corp.'s Burnaby refineryCALGARY — Fuel retailer Parkland Corp. lowered its full-year earnings forecast Thursday, as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, B.C. refinery.
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