New Flyer Industries Inc. (NFI-T)

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.

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.

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.

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.

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.

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.

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

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.

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.

Chart had broken out and spiked up. Next level of resistance around $23, and then $26. You can tell yourself you'll buy when it comes back 25%, but it might never do that. Likes this name. Ignore market craziness, and focus on company fundamentals.

It had good news lately with better than expected results and a big increase in backlog. Margins however have been weak and need to go back to previous levels. He considers it a speculative buy.

Elevated debt. Strong market position with public transit buses. He struggles with the growth. Issues with expenses and suppliers. Tough business, topline pressure.

Creditors and government agencies has staved company off from bankruptcy. Looking forward - demand for buses will continue to rise. Would be a risky position to take, would recommend small position. 

$8 was a great buy. Support at $11.62, and if it breaks that, it could return to $8. Short-term, NFI looks good with this upswing and the wider market momentum. He doesn't know NFI's stock history, its fall from $60 to $8 (supply chain problems), but long-term there's weakness. The easy money has been made. Take 50% profits.

It's had a ride for the last 6 years. He once owned this back in 2018. Covid shut down their bus factories. Also, they had a leveraged balance sheet. Third, people aren't commuting to work as much compared to pre-Covid, so their order book is growing slower than once expected. They are adept are negotiating credit, so they're surviving. If you've owned this, think about selling it. NFI isn't out of the woods yet.