This is a fairly new company. They came up with a new kind of bus, which they developed with the BC Transit Authority and are just beginning to sell it to customers. They recently made a deal with Quebec. They got a huge backlog last year and the stock blasted upwards, way ahead of the company’s actual progress. It has been declining since. He’s buying it now in the $1.65 range. They have shifted management and have a stronger organization, with a niche product that is not served by the big guys like New Flyer. This company helps smaller municipalities and airports with smaller buses that are much more fuel efficient. These are early days for this company.
I think a very important and rational statement made at the end here. So the question is how early can you afford to start putting money to work here? Company is going through some growing pains and should demonstrate their ability to execute on this order backlog while at the same time reduce costs. Potential trade war headwinds....infrastructure/transportation spending tailwinds.
And to Mr. Trump, who believes so strongly in branding, thinks that having a "made in the U.S." label will increase sales and exports, introduces an intriguing yet opaque shift in the marketplace. For certain U.S. industries looking to grab a larger share of the market will be a long and slow process imo.