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NFI Group Inc T.NFI

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

NFI Group Inc. is a Canada-based independent global bus manufacturer. The Company provides a suite of mass transportation solutions under brands: New Flyer (heavy-duty transit buses), Alexander Dennis (AD) (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). It operates through two segments: Manufacturing Operations and Aftermarket Operations. The Manufacturing Operations segment manufactures, services and supports transit buses, coaches, medium-duty, and cutaway buses. The Aftermarket Operations segment is engaged in the sale of aftermarket parts for transit buses, coaches and medium- duty/cutaway buses, both for the Company's and third-party products. Its product type includes Heavy-duty transit buses, Single deck buses, Double-deck buses, Articulated buses, motor coaches, low floor cutaway, and medium-duty buses.


TSX:NFI - Post by User

Post by sunshine7on Nov 16, 2021 11:15pm
387 Views
Post# 34134716

No pain no gain....

No pain no gain....It was unfortunate 2 years with covid then supply chain issues but NFI needed to shore up the balance sheet to take advantage of the EV opportunities coming their way. Potential customers need to know that their vendor is in strong financial condition before committing. Then they need to have the flexibility to invest in their business growth. This was not possible without the moves they made. Call it one step back then 2 steps forward or a necessary evil. May take a while for significant results, but if you are looking for a bottom and willing to hold 2 years, we may be there this week IMO.
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