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

📆 13/11/2024 22:05:00
📰 BNNBloomberg

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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.

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