News Formal

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

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The head of Linamar Corp. says the company’s shares are changing hands at a lower price than they should be considering the manufacturer’s strong performance in the third quarter amid industry challenges.

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.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 83. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »