Exchange Income Corp T.EIF.DB.J

Primary Symbol: T.EIF Alternate Symbol(s): EIFZF | T.EIF.DB.L | T.EIF.DB.M | T.EIF.DB.K

Industrials Airlines

Exchange Income Corporation is a Canada-based diversified acquisition-oriented company. The Company operates through two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment is comprised of three lines of business: Essential Air Services, Aerospace, and Aircraft Sales & Leasing. Its Essential Air Services includes both fixed wing and rotary wing operations. Aerospace includes its vertically integrated aerospace offerings that provide customized and integrated special mission aircraft solutions primarily to governments across the globe. Aircraft Sales & Leasing includes aftermarket aircraft, engine and parts sales and aircraft and engine leasing, along with aircraft management services. The Manufacturing segment is comprised of three lines of business: Environmental Access Solutions, Multi-Storey Window Solutions and Precision Manufacturing & Engineering. The Company also focuses on portable hydronic (glycol-based) climate-controlled equipment.

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Exchange Income Corp > Jamie Murray -BNN - TOP PICK

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Post by Possibleidiot01on Nov 08, 2023 3:08pm

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Jamie Murray -BNN - TOP PICK

Exchange Income (EIF TSX)

Exchange Income owns a diversified group of Industrial businesses centred on aerospace and manufacturing. The aerospace side has a strong, integrated market position in remote communities across Canada’s North with passenger and cargo arms as well as flight training, government surveillance, parts and medical evacuation. We believe these businesses face much lower competition than commercial air travel therefore allowing Exchange to earn high return on capital. On the manufacturing side, Exchange operates niche businesses that are benefitting from secular trends such as environmental access matting and cell tower services. The company is gearing up for a heavy period of organic growth which should drive EPS toward $5 per share in 2025 with new government contracts coming into effect. The shares yield 5.5 per cent and historically buying the company at 11x P/E has proven to be a good entry point.

TOP PICK

Leader in Canadian aerospace, interesting manufacturing. Aerospace is in niche markets, without much competition. Medivac, pilot schools, government contracts for maritime surveillance. Expects huge revenue and profit growth when contracts renew in 2025. Yield is 5.44%, dividend should grow.

(Analysts’ price target is $67.15)

Transportation & Environmental Services

N/A