Top PickLast stock in the clip. He also owns it personally. GLTA
https://www.bnnbloomberg.ca/video/brian-madden-s-top-picks~22368012
NFI Group (NFI TSX) latest purchase June, 2021 @ $28.00
NFI Group is the leading supplier of internal combustion engine and zero emission transit buses to cities, states and provinces in North America and has a strong and growing presence in the U.K. and Europe as well via their recent acquisition of Alexander Dennis Ltd. Smaller motor coach and aftermarket parts and service segments round out the business alongside a fledgling but rapidly growing infrastructure solutions (i.e. EV charging systems) opportunity. Earnings are cyclically depressed, but poised to grow, potentially up to five fold between 2021-25 as demand recovers from the recession, bolstered by massive and secular global forces unleashed and funded by governments to catalyze a replacement cycle with zero emission buses displacing the legacy fleet. A $67M internal efficiency initiative and significant operating leverage to recovering volumes should drive strong earnings growth in the year ahead and rapid fire design innovation should rebuild the order backlog during the upcoming generational fleet refresh cycle.
TOP PICK
New Flyer Industries Inc.
(NFI-T)
July 7, 2021
Value and cyclicality. Biden infrastructure deal is legit. Focus on green new economy in Canada and US is the real deal. With their rapid cycle of product innovation they're prepared to capitalize handsomely on this generational refresh of transportation. Earnings will potentially grow fivefold between 2021-25. Shares are undervalued. Strong growth ahead. Yield is 3.06%. (Analysts’ price target is $34.00)
AUTOMOTIVE
Brian Madden
Price
$27.470
Owned
Yes