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NFI Group Inc T.NFI

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

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).


TSX:NFI - Post by User

Bullboard Posts
Post by johnathamiltonon Jul 30, 2019 12:16pm
206 Views
Post# 29975201

Dividend Cut Coming

Dividend Cut ComingWith earnings below dividend, and forecast to remain there, it is only a matter of time until the dividend is cut. Probably in half which will bring this stock down to about $20. Hate to say this, but having been in the market for a long time, this looks like the only logical outcome. Can't for the life of me understand why they went out on the market to buy back stock when there is significant debt. Interest payments were $17MM last quarter but sales were down. Not healthy characteristics.
Bullboard Posts