New Flyer Industries Inc. (NFI.TO)

Doesn’t know the seasonality on this stock. Technically, the chart shows it has formed a classic double top pattern, and last week finally broke below the trading range, implying the trend has now changed from long-term Up to Down. Technically it is no longer an attractive stock.

They have done extremely well over the last few years. Their revenue is going to grow less than 4% each of this and next year. The valuation is getting rich. Customers are reducing inventory due to budget cuts.

Largest bus manufacturer in North America. PE ratio seems to be about 15X, which is low in today’s standards. Has a big backlog of orders and have opened service centres all over the place. Companies are changing from oil to gas and electric, which is what this company is producing.

This has good value and good momentum. Chart shows a very nice uptrend. Longer-term it looks pretty good.

Reduced his position significantly over the last while. A great business. They are dominant. Have grown through acquisition and organically. In the last quarter, their Book to Bill (number of new orders versus the ones they’ve built out and shipped) was 1.28X their billings, which was great. Sales are going really well, but their aftermarket business is doing less well. We are in a strong equity market and it has been a wonderful performer, but for the first time in a long time it is trading below the 150-day moving average, so technically it is less attractive. Made a lower high in November. If you are patient and are making a long-term investment, that’s fine, but he wants everything working today.

Canadian industrials still look pretty good. Chart shows a nice upward trend from 2015, followed by a sideways move this year. However, it has hung on to the lower end of the 2017 base. Unless it got below $46, you are probably not going to have too much problem with it.

It was a great turnaround story. The easy money has been made on this, though. He feels it is fully valued. Others in the space might be more interesting.

Doesn’t follow this closely although he knows it has been a tremendous success. Toronto says it is going to be converting to electric buses, and this company has unveiled the next generation of electric transit buses. Cities are altering their transit infrastructure, and will be going towards greener stock. If this company is into that, then it might be a good horse to ride.

This is on her watch list. They have 2 divisions, bus manufacturing and an aftermarket business. Just reported, and the aftermarket business was soft, so the stock pulled back. They are well positioned, so on this pullback, you could add to your holdings.

Hard to find deep value, so some names in his portfolio are going to be more of a "growth at a reasonable price", which is what this company is. Increasing infrastructure spending and aging urban bus fleets, means more contracts. Not cheap, but he likes the growth trajectory. They are in bus manufacturing and parts distributing, and have a healthy exposure in the US. Dividend yield of 2.4%. (Analysts' Price target is $62.00.)

They came out with a production update a couple of days ago and their backlog continues to grow. The stock is looking quite good. He likes it. You don’t have to worry about it in the short term but watch the back log to roll over.

(A Top Pick Feb 21/17. Up 17.43%.) This ranks in the top 5% of his database. There is still great opportunity for them going forward.

(A Top Pick Sept 9/16. Up 25.01%.) Has sold out of this because he feels the easy money has been made.

The dividend is safe and will be growing. It has done well over the longer term. It had a bit of a correction and he might buy if it corrected more. It is fairly valued now.

(Top Pick Sep 9/16, Up 25.11%) It has been in his stable of picks for 5 years, but he recently sold because the easiest money has been made. Now it is at that point where it saw a lot of turnaround and a lot of growth and the easy money has been made. He believes in taking profits. He would rather have cash.