NFI Group Inc T.NFI

Alternate Symbol(s): NFYEF | T.NFI.DB

Industrials Business Equipment

NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of infrastructure for electric vehicles and fiberglass reinforced polymer components. It offers aftermarket parts for transit buses, coaches and medium duty/cutaway buses, both for the Company's and third-party products. It offers a range of sustainable drive systems, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. The Company's brands include New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses).

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NFI Group Inc

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Post by seriousinveston Mar 29, 2016 5:42pm

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Post# 24708696

Why are the debentures so undervalued?

The common stock is currently $33.40 and the Debentures are at $255. It is my understanding that the Debentures are convertible at $10 so $100 principal amount results in the holder getting 10 shares. If that is the case then the Debentures should at least be trading at around $334. Why are they trading at an almost 25% discount? What am I missing? Thanks for any input.

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