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TSE:NFI

New Flyer Industries Inc. (NFI.TO)

22.69
-0.09 (0.40%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
378 watching
0
WEAK BUY

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.

BUY

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.

HOLD

Suffered badly last year, probably due to their organization. Have announced a strategic review of their business, perhaps a sale is imminent. Dividend is safe, although it will fall in August.

BUY
Actually a better performer on the TSX this year. Distribution is very secure. There is going to be a change to the dividend but will go down in August when they convert to a corporate structure (dividend and div tax credit). Strong backlog, although shrinking a little bit. Steady production until the end of the year.
BUY
Bus manufacturer. Given that yield and given the comfort you have on that yield being paid it is worth continuing to hold. The industry is having issues with funding for their customers, generally municipalities. Still has a healthy 3 year backlog. Will be cutting the dividend to $.62 next July.
WAIT
Disappointed with the management because they were talking about their backlog for 5 years. It’s a show me execution story and would wait for a bounce before getting back in.
DON'T BUY
High debt levels. When you have a situation where fundamentals start to deteriorate, the yield is no longer sustainable. He would be tempted to Short at this time.
DON'T BUY
A lot of people have agreed to convert debt into equity, which will go some ways to improving their balance sheet. Price reflects that the payout will not be as much as it has been. Delivery schedule is something that is always in flux. New manufacturing oriented management in the last two years. Interesting to look at and the yield is quite high, suggesting it could go down.
COMMENT
Been squeezed a bit because of lack of funding by municipalities. Still has a tremendous backlog. Profitable on a cash flow basis. Because of margins squeezes they are changing from an income deposit security to a common share. Once that is completed, there should be some strength built back into the stock.
COMMENT
Industry got tougher and margins got squeezed because of lack of funding. Company is changing from an income security deposit (half bond and half common stock) to just common stock. $1.17 that was part dividend distribution and part interest, will go to $0.58 of dividend only as a base and then supplements for the next 12 months.
DON'T BUY
Hasn't seen lows likes this since 2008. Four major declines in the downtrend and that is too many. 14.8% yield is probably not sustainable. Recent activity looks like it is very short-term.
HOLD
Announced they are going to switch to a corporation and, when they do so, will cut the dividend. This has caused a decline in the stock. They manufacture buses and their customers are cities and municipalities, which are not flush with cash at the moment.
PAST TOP PICK
(Top Pick May 19/10, Up 1.15%) In a tough industry. Good back orders on the books but shipments have been slow. Results last week were a little bit better than people expected. Talking about a recapitalization of the company. Investors took this as a cut in the distribution. It is transitioning from an income trust to a growth stock.
COMMENT
Management is intent on maintaining the dividend for the time being. If business doesn’t pick up significantly they may possibly have trouble maintaining this for more than a year or two. Has confidence in the management who have made a lot of improvement in manufacturing and inventory control. Potential to do very well if you are a longer term holder.
BUY
Major bus manufacturer in North America with a 47% market share. Because cities have been scrapped for cash, and haven’t been replacing buses, there should be a pent up demand but cash has been a problem for the cities. Likes the company but he has moved into more aggressive things.
Showing 391 to 405 of 446 entries