Big earnings jump for Linamar

Article Excerpt

LINAMAR CORP. $20 (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.7 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.2%; TSINetwork Rating: Extra Risk; www.linamar.com) continues to benefit from the recovery of the North American auto industry. The auto-parts maker earned $0.32 a share in the three months ended September 30, 2010. That’s up sharply from $0.02 a year earlier. Sales rose 32.1%, to $556.3 million from $421.1 million. A 36.2% jump in sales of transmissions and other auto parts easily offset a 4.5% decline in sales of other industrial products. Linamar is a buy. buy…