RE:RE:WTF?A few thoughts on this, reading the Q3 results....
1) EBITDA fell
2) While profits were up slightly, this was primarily boosted by the US corporate tax cut, not anything specific to NFI
3) While sales volume is up, they have mentioned that they are starting to get squeezed on margins (also, with ARBOC, are beginning to sell smaller vehicles with lower profit per unit)
4) Also some one-time elements impacted EBITDA, in regards to plant start-up costs
On a positive, Q3 statement indicates NFI has been busy repurchasing shares. Also, liquidity is A-ok. Combining the two, I would anticipate repurchasing continues, if not accelerates in Q4 onwards.
GLTA