Q: Hi Guys
I am a long term investor and have owned NFI for quite a while and done well with it. Thinking of selling it and buying Linamar thinking that NFI is a little less stable. And remembering you guys have not been too keen on it. Any thoughts on Linamar as a replacement. Or would you have another suggestion in the industrial space CDN or foreign?
Thanks
Stuart
I am a long term investor and have owned NFI for quite a while and done well with it. Thinking of selling it and buying Linamar thinking that NFI is a little less stable. And remembering you guys have not been too keen on it. Any thoughts on Linamar as a replacement. Or would you have another suggestion in the industrial space CDN or foreign?
Thanks
Stuart
5i Research Answer:
We think LNR, or MG, would be a fine replacement. We will give kudos to NFI for its recovery, and it is still cheap. But it did come close to a financial crisis, and debt still remains high. It is a 'chunky' business but the company is in better shape now. But we would see the others as safer longer term, and currently they are also much cheaper.