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Stocks climb, but megatech sinksStocks extend gains entering tech earnings weekStrong data triggers rally, oil downEnd product is desirable, but supply chains have really hurt it. Reported this morning, and the market is cheering that news. High-risk name. Not for the faint of heart, but perhaps it's turned a corner.
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)It has completed a $300 financing and the number of shares has risen by 40%. It has a record order backlog of EV buses but profit margins are expected to be weaker in the next couple of years. Watch for insider buying.
Canadian bus maker plagued by equipment problems (can't find inventory).
Inflation making business hard to generate profits.
Wait to see how business goes before buying.
Management needs to prove themselves.
Recent issuance if equity not good for shareholders.
Lots of supply problems, but dissipating rapidly. Quite a debt issue. Inflation caused losses on contracts. Had to issue shares. Company will survive, but how will the shareholders do? Stock's probably bottomed, but it will be a long slog.
Fantastically run business. Covid shortages hurt, weren't able to deliver buses, so inventory built up, stressed the balance sheet. Demand is great, but they can't supply. Looking to renegotiate debt. At cusp of supply challenges easing and turning around. Watch the next couple of months. Reports next week.
Negative run. Production and operational issues. Down here, a lot of the bad news is in. Balance sheet needs a little bit of work. Strong product line. Gone from a darling to a dog, and that's when he starts looking. Still not cheap on today's valuation, as they're coming off losses. Lots of potential to drive sales, lots of demand for the product. He's taken a small position and will watch the next couple of quarters.
It made a lot of deals where buses were sold at fixed prices but its costs are higher now due to supply chain issues. The company will survive but has to re-negotiate with its banks, which is always painful. It is a good company in a bad situation, therefore look elsewhere.
On a longer term chart, you can see what's going on. A falling knife. Longer term, consistent down trend. Avoid. He loves industrials, but you want the ones with charts up and to the right. NFI is not along for the ride, and when you see that much of a divergence, it's a big warning flag. See his Top Picks.
Transit bus manufacturer.
Does not own shares in the company.
Failed to execute on production.
Balance sheet very leveraged.
Owns shares in company.
Supply chain problems going away.
Current share price presenting good buying opportunity.
Excellent prospects for the company.
Bus demand will continue to rise.
New Flyer Industries Inc. is a Canadian stock, trading under the symbol NFI-T on the Toronto Stock Exchange (NFI-CT). It is usually referred to as TSX:NFI or NFI-T
In the last year, 12 stock analysts published opinions about NFI-T. 6 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for New Flyer Industries Inc..
New Flyer Industries Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for New Flyer Industries Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
12 stock analysts on Stockchase covered New Flyer Industries Inc. In the last year. It is a trending stock that is worth watching.
On 2023-11-27, New Flyer Industries Inc. (NFI-T) stock closed at a price of $13.33.
Chart indicating a good time to buy. Recent turn around from downward trend. Looks as if company has reversed fortunes. Base has broken out which is positive news.