Linamar (LNR) ran 5% on its Q1 print, which beat big on the back of near-20% growth in the mobility segment - stemming from recent distressed deals…

… a category where management sees significant opportunities and has the fire power to execute, with leverage at multi-year lows and over a billion in dry powder.

The deals underpin management’s stronger double-digit growth guide, and with 90% of that unimpacted by tariffs - margin deterioration fears appear overdone…

… opening the door for multiple expansion.