Post by
BSdetector2016 on Apr 29, 2022 4:20pm
Perma-down trend for four (4) years
They over-extended themselves and got caught. Then along came Covid, supply chain issues, and now rising rates. The picture isn't pretty. The management team and board had better start putting loads of their own skin in the game soon to instill a smidgin of confidence otherwise the knife will continue to fall.
Comment by
1condor on Apr 29, 2022 6:20pm
I have been in and out of this stock over the past year or so (just short term trades). Those who have been long have been killed. The stock today is at a 7 year low!
Comment by
Lupuslupus on Apr 29, 2022 8:22pm
Sounds like freezer burn is a bag holder
Comment by
hrgoyal on Apr 30, 2022 5:27pm
Nfi is dead money from here. Bankers May not extend credit to Nfi. Too much inventory of unfinished undeliverable buses. Many bus orders May not have inflation indexed pricing clause. Too risky stock
Comment by
1condor on Apr 30, 2022 8:19pm
hrgoyal...if banks did not extend credit to NFI...well to say it bluntly that would be the end of NFI. I dont see this happening. However there is no denying the company is facing some serious headwinds which will continue to hammer down the shareprice.
Comment by
WizardFuture on May 01, 2022 12:28am
It's not happening. $NFI is very close to the government of Manitoba and they will make sure to give $NFI some time. They're projecting like $4billion of revenue. in 2025. It's all about politics. But if I was the bank, I would ask for the dividend cancellation and I would ask for price increases. $NFI is selling their bus too cheap.