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  5. NFI: So where are we on this stock now, up 43% in the last year, more future here now. [NFI Group Inc.]
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Q: So where are we on this stock now, up 43% in the last year, more future here now.
Thanks again
Asked by eugene on November 21, 2023
5i Research Answer:

NFI a few months ago went through a reorganization, which improved its balance sheet somewhat. Debt went from $1.2B at January 31 to just over $800M now. This has taken pressure off the stock. It is expected to be profitable next year (26c per share) after three years of steep losses. It has won new contracts. It remains highly sensitive to rates and the economy, but the worst is likely over. At one point in the past 18 months, solvency was becoming an issue. Now, we would consider it a HOLD. 

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