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Linamar Corporation (LNR $80.50)
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NFI Group Inc. (NFI $20.08)
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BRP Inc. Subordinate Voting Shares (DOO $75.24)
Q: Hi Guys
Boy DOO and LNR took a big haircut today. Do you think this is justified on the new tariff schedule, or a bit overdone? Aren't Linamar parts covered by CUSMA? Given they make the majority of transmissions for some US auto makers does this make sense?
Any other CDN manufacturers you can think of that are vulnerable too? eg NFi
Would you be a buyer here for either one of these companies?
Much thanks
Boy DOO and LNR took a big haircut today. Do you think this is justified on the new tariff schedule, or a bit overdone? Aren't Linamar parts covered by CUSMA? Given they make the majority of transmissions for some US auto makers does this make sense?
Any other CDN manufacturers you can think of that are vulnerable too? eg NFi
Would you be a buyer here for either one of these companies?
Much thanks
5i Research Answer:
We posted some comments on DOO and LNR on Wednesday. MRE, MG, TVK, HPS.A, NFI might also see some sentiment shifts. The DOO decline makes more sense than the others.