Jason Mann New Flyer Industries Inc. NFI-T BUY Jul 06, 2018

Too volatile for her. Stay away. Ranks 1/10 on value. Upside to street's price target only 1.5%, so risk/reward is just not there.

The pandemic hurt them with supply chain troubles. It is well run and the balance sheet should get better. It is the only game in town for municipalities buying buses. He thinks the dividend gets re-instated in 2025 or 26.

He bought it below $10, but then took profits around $15. He watches it. Wants to see them deliver growth ahead.

Concerns regarding tariffs on components and whether Trump will expand public transit. Making progress on debt, but it's still too high. Supply chain issues. Too many questions to step in:  growth, costs, debt.

One of the only players left for electric buses, which gives them more bargaining flexibility. Latest supply-chain issue on seats is a one-off. Backlog is bigger than ever. No dividend.

At the end of the day, being a manufacturer is quite tough. Plus, they're in Canada. Significant amount of debt. Counting on smaller levels of government making orders, but there's not a lot of $$ to go around. These buses are a big capital expenditure, and it's hard to justify that in a budget. No dividend.

Instead look for a company that produces component parts at low cost, but very important to the vehicle. That component would have an element of pricing power.

He's been adding. Their downturn lat year started with a seat supplier, then tariff worries hit. Eventually, shares will bounce. They have almost no competition in transit buses in the US. We'll see.

Struggled over the years. Good exposure to EVs. Problem is lots of leverage. As well, a bus can't be shipped if it's missing even 1 component; it has to wait. Exposed to tariffs, as it relies on US for some of those parts. 

Management's done well refinancing debt and working through problems. If problems can be resolved, could have very high performance over next few years.

Competition has withered away. Pays no dividend. He's held this through some tough periods. The problem with a seat suppliers seems to be resolved. Huge backlog. They can withstand tariffs. If they deliver some buses in Q2, 3 and 4, the stock will look good in 12 months.

One of only 2 names she owns with no dividend. For her to do that, she really has to have conviction on the company and its stock price trajectory. Biggest segment is manufacturing transit buses, also does coach buses. Supply chain issue with seats is slowly getting alleviated. Backlog at record levels. Pricing environment is good. 

Very limited competition, as pandemic wiped out most of their peers. Public funding is still strong. One of the only companies that complies with buy-American-zero-emissions policy. No dividend.