New Flyer Industries Inc. | StockChase
234
New Flyer Industries Inc. (NFI-T)

Last Price Recorded: $54.5700 on 2017-12-15

ON STOCKCHASE SINCE Mar 2006

income trust
234
New Flyer Industries Inc. (NFI-T)

Last Price Recorded: $54.5700 on 2017-12-15

ON STOCKCHASE SINCE Mar 2006

income trust

New Flyer Industries Inc.


Signal Opinion Expert
COMMENT

Wonders at how much more good news there can be in this. They’ve benefited a lot from attrition in the industry. Also, have diversified more into service and parts, which has been very good for them. At current multiples, it is trading at close to 5X BV and 20X Forecast Earnings with a yield of 2.4%. Feels the weight has shifted more to the downside than to the upside.

income trust

Wonders at how much more good news there can be in this. They’ve benefited a lot from attrition in the industry. Also, have diversified more into service and parts, which has been very good for them. At current multiples, it is trading at close to 5X BV and 20X Forecast Earnings with a yield of 2.4%. Feels the weight has shifted more to the downside than to the upside.

income trust
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$54.450
Owned Owned
Yes

BUY

There probably won’t be a better time to buy as it has been in a state of pause.  You probably have a buying point for the long term.  It is a good company and is very well run.

income trust

There probably won’t be a better time to buy as it has been in a state of pause.  You probably have a buying point for the long term.  It is a good company and is very well run.

income trust
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$54.130
Owned Owned
Unknown

TOP PICK

In a world where everything is expensive, you try to choose a name that is expensive, but gives you growth. This company continues to be positioned well. The stock has taken a bit of a pause, so he likes that as an entry point. They are doing a lot of things right. They are continuing to do acquisitions and grow. The key is the recent softness on the share price. A bonus is some of the tax reform which they will benefit from. Dividend yield of 2.5%. (Analysts’ price target is $62.)

income trust

In a world where everything is expensive, you try to choose a name that is expensive, but gives you growth. This company continues to be positioned well. The stock has taken a bit of a pause, so he likes that as an entry point. They are doing a lot of things right. They are continuing to do acquisitions and grow. The key is the recent softness on the share price. A bonus is some of the tax reform which they will benefit from. Dividend yield of 2.5%. (Analysts’ price target is $62.)

income trust
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$52.930
Owned Owned
Yes

DON'T BUY

This has a couple of problems. Its earnings forecasts have kind of levelled out, and FMV is about $47-$40 and the stock is at about $51. Also, there is quite strong technical resistance at about $53. He would give this a pass for now.

income trust

This has a couple of problems. Its earnings forecasts have kind of levelled out, and FMV is about $47-$40 and the stock is at about $51. Also, there is quite strong technical resistance at about $53. He would give this a pass for now.

income trust
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$52.140
Owned Owned
No

COMMENT

This has done extremely well. Just acquired ARBOC Specialty Vehicles out of the US, and expects it to be immediately accretive to earnings. Public transportation should, theoretically, be going under a resurgence. Dividend yield of 2.6%. Probably a good name to hold.

income trust

This has done extremely well. Just acquired ARBOC Specialty Vehicles out of the US, and expects it to be immediately accretive to earnings. Public transportation should, theoretically, be going under a resurgence. Dividend yield of 2.6%. Probably a good name to hold.

income trust
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$52.140
Owned Owned
No

TOP PICK

Not a particularly exciting industry.  They did an acquisition in 2012 and it has been a transformational one.  They made another today and the stock price reacted favorably.  He thinks this announcement just solidifies his opinion of this being a great company.  They have a nice dividend.  (Analysts’ target: $62.00).

income trust

Not a particularly exciting industry.  They did an acquisition in 2012 and it has been a transformational one.  They made another today and the stock price reacted favorably.  He thinks this announcement just solidifies his opinion of this being a great company.  They have a nice dividend.  (Analysts’ target: $62.00).

income trust
Jason Del Vicario

Portfolio Manager, HollisWealth...

PricePrice
$51.020
Owned Owned
Yes

HOLD

They have had a couple of disappointing quarters, where the growth has not been there in the aftermarket side.  They delivered a lot of busses and they are simply a lot better than in the past and so the repairs are down.  Still a great company with a huge 3 to 4 year backlog.  They announced a record backlog recently.  There is some disappointment that they are not ramping up production.  He would definitely hold it.  They are a cash generating machine.  Until they come out with another acquisition they will spin out a lot of cash that will end up in shareholder’s pockets.

income trust

They have had a couple of disappointing quarters, where the growth has not been there in the aftermarket side.  They delivered a lot of busses and they are simply a lot better than in the past and so the repairs are down.  Still a great company with a huge 3 to 4 year backlog.  They announced a record backlog recently.  There is some disappointment that they are not ramping up production.  He would definitely hold it.  They are a cash generating machine.  Until they come out with another acquisition they will spin out a lot of cash that will end up in shareholder’s pockets.

income trust
Don Lato

President, Padlock Investment M...

PricePrice
$49.070
Owned Owned
Yes

DON'T BUY

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.

income trust

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.

income trust
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$48.290
Owned Owned
Unknown

PARTIAL SELL

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.

income trust

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.

income trust
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report...

PricePrice
$48.950
Owned Owned
Unknown

COMMENT

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. 

income trust

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. 

income trust
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$48.950
Owned Owned
No

COMMENT

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

income trust

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

income trust
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$49.100
Owned Owned
Yes

COMMENT

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.

income trust

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.

income trust
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$49.190
Owned Owned
Yes

COMMENT

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.

income trust

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.

income trust
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$49.190
Owned Owned
Unknown

HOLD

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.

income trust

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.

income trust
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$50.290
Owned Owned
No

COMMENT

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.

income trust

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.

income trust
David Baskin

President, Baskin Wealth Manage...

PricePrice
$50.570
Owned Owned
Unknown

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