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TSE:NFI
Will be reducing their dividend in August due to their conversion from an income deposit to a common share. It will still be an 8% yield based on the current stock price. Production is consistent at 36 buses a week and they still have a 3-4 year backlog. Have just announced a strategic partnership with a UK company where they will make a smaller bus.
Manufacture buses, which they sell to cities in North America. Cities generate their own revenues but they also get revenues from senior governments and in the US, things are not rosy. However this is a cheap stock and the dividend looks sustainable. There are some signs of improvement. Yield of 12.36% which makes him a little nervous.