NFYEF - NFI Group: Better Days Ahead
NFI Group: Better Days Ahead
[Please note that all currency references are to U.S. dollar except if indicated otherwise.]
NFI Group C$27.84 (Toronto symbol NFI; NFYEF:US; Heavy Machinery and Vehicles; Shares outstanding: 62.4 million; Market cap: C$1.7 billion; www.nfigroup.com) is a bus manufacturer headquartered in Winnipeg, Canada.
The company holds market-leading positions in North America and the United Kingdom but is subject to intense competitive pressures which result in moderate levels of profitability. Recent production problems and a large acquisition increased debt and reduced cash flow, which in turn contributed to a 50%