Topic: How To Invest

Q: Hi. It looks like you haven’t reviewed NFI Group for a while. How do you see its prospects now? Thanks.

Article Excerpt

A: NFI Group Inc., $25.59, symbol NFI on Toronto (Shares outstanding: 71.0 million; Market cap: $1.8 billion; www.newflyer.com), is a leading transit bus maker in the U.S., Canada and globally. It also provides parts and service; in total, NFI now supports over 105,000 buses and coaches currently in service around the world. In May 2018, the company changed its name from New Flyer Industries. That followed a key acquisition in December 2017: NFI Group paid $95 million U.S. for ARBOC, a North American leader in low-floor, body-on-chassis (or “cutaway”) bus technology. These buses range between 21 feet and 35 feet in length, and operate in transit, paratransit and shuttle applications. ARBOC buses exceed U.S. federal fuel economy standards and Buy America requirements; they also undergo safety testing beyond industry norms. On May 28, 2019, the company acquired 100% of Alexander Dennis Limited for 295.1 million British pounds ($366.7 million U.S.). Alexander Dennis is the world’s biggest manufacturer of double-deck buses and the leading…