New Flyer Industries Inc.

They have done nothing but disappoint for the last couple of quarters. He kept it because the valuation changed and no one expects anything from this company. He is going to give it a couple more quarters.

Buy now. It's holding current levels and poised to rise. Play it up to $40.

The stock was punished a while ago and now the valuation is just too attractive. The UK acquisition has been slow to provide returns. They are the largest manufacturer of motor coaches in North America and there is a lot of public transit infrastructure that will need to be replaced in the years to come. The downside, relative to upside potential, makes this a good investment. Yield 5.90% (Analysts’ price target is $33.44)

It's dropped a lot, but a sold long-term compounder. Keep an eye on American cities and their budgets. NFI has benefitted from past budgets. He believes NFI will again in the future. You can accumulate at current levels.

Their competitors have an electric bus and NFI is struggling with that transition away from fossil fuel buses. A value trap.

He would not be a buyer today because there is a pending transition to electric buses. Municipalities are holding back until they become more main-stream. Wait one to two years to see larger orders.

(A Top Pick Jan 28/19, Down 19%) Growth has slowed down a little bit. Some of the bigger orders have slowed down as municipalities consider going electric. They pay a good dividend.

NFI-T is a tax-loss candidate; New Flyer's deliveries are below expectations and their UK acquisition needs time. The stock is overly punished, though, and will stay in this range for a while.

The company was well loved by the market and was executed well. They have made good acquisitions. Then they had a fall from grace this year and there is negative sentiment now. There is a transition from gas to electric buses and this is a good niche. They have debt and are holding off on certain investments. However, there is good value here and pay a great dividend. Cash flow is also good.

They recently under-performed. It bounced down to $26 three times in the last four months. They ramped up a manufacturing plant for parts that didn't do so well. They are a leader in electrification of public transit. This is a company that can keep the dividend intact and grow it for the next couple of decades. (Analysts’ price target is $34.64)

He follows the stock. In recent times, he’s been tempted to step in. However, he thinks it’s a little early. He needs to see a base form and better numbers for backlog. They are in a good business, urban buses. Lots of production in the states so there is no problems. Just a little early. If there is an upward trend and better orders, he would look to buy it.

Competition has picked up, and there aren't as many orders to go around. Dropping delivery numbers, struggling to meet earnings expectations, and so volatility is increasing. Turnaround may take a while. Be cautious. Yield is 6%.

Used to own it. He was concerned with a recent acquisition, but more important is peak demand in transit buses, borne out in declining sales misses in the past 7 quarters, which isn't abating. We are nearing the bottom, so don't enter this yet. A wild card is 90% of their business comes from America, and what will the next president think?

They had a long history of beating earnings and showing growth. He now has short on this as a general hedge, due to the poor price momentum. They keep missing earnings. It is trading at 12 times earnings, but it does not have a lot of cash. The payout ratio is reasonable. Yield 6%