Q: Could you expand on this please? "I like EIF and hold it in greater amounts in my non registered account where I intend to keep it but expect it will be dead money for at least 6 months while Northern Mat recovers."
5i Research Answer:
Northern Mat was acquired in 2022 and serves the energy industry. A dry and hot summer in 2023, as well as forest fire issues, reduced the demand for mats. Overall, the division has been a positive contributor to the company and we would have a generally positive view of the division right now.