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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (155953)7/18/2023 2:43:11 PM
From: Goose94Read Replies (1) of 203728
 
NFI Group (NFI-T) top pick from Ryan Bushell on BNN.ca Market Call Tuesday July 18th @ 1200ET

We have struggled along with NFI for the past few years as supply chain issues have hampered production and caused financial stress for the company. We have been purchasing shares all year below $10 as we see the turn in the fortunes of the company ahead. Supply chain pressures are easing, producer cost inflation is easing, equity and debt restructuring is complete and orders remain strong. Additionally one of their main competitors, Novabus owned by Volvo, has completely exited the U.S. market. Although we never like to see a holding endure this type of financial stress, especially as it relates to the dividend, buying more on a high conviction knowledge of the company when most investors are selling is a good recipe for outsized returns down the road.
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