NFI Group Inc T.NFI

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

Industrials Business Equipment

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).

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NFI Group Inc

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Post by Possibleidiot01on Jul 18, 2023 9:16pm

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Post# 35547149

Ryan Bushell - BNN - Top Pick

NFI Group (NFI TSX)

We have struggled along with NFI for the past few years as supply chain issues have hampered production and caused financial stress for the company. We have been purchasing shares all year below $10 as we see the turn in the fortunes of the company ahead. Supply chain pressures are easing, producer cost inflation is easing, equity and debt restructuring is complete and orders remain strong. Additionally one of their main competitors, Novabus owned by Volvo, has completely exited the U.S. market. Although we never like to see a holding endure this type of financial stress, especially as it relates to the dividend, buying more on a high conviction knowledge of the company when most investors are selling is a good recipe for outsized returns down the road.

stockchase.com

TOP PICK

It's gone wrong for him in the past, but opportunities still continue to grow--they're the only maker of EV buses in North America that suits the Buy-America rule. Covid and supply chains were tough for the company, sure, but better days lie ahead. There's less competition and more opportunity. He bought a lot of shares at $9. The valuation should be better. Financing issues are sorted out.

(Analysts’ price target is $11.83)

Automotive

$11.220