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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Given the thesis's that has recently been discussed in Seeking Alpha and in the Globe, as well as NFI's high market share/strong relationships, and the guidance provided in today's Investor Presentation, I would think that the stock has the potential to rise greater than the 52 week high of $33.94 in the near future. The main driver is the move to Zero Emission Buses (ZEB), in part aided by infrastructure spending/subsidies, from traditional buses.

NFI had been trading at $59.00 in February of 2018. At that time the Fiscal 2017 Performance was Revenue: US $2.38B, Adjusted EBITDA: US $318.0M and Return on Sales: 13.4%. That was prior to their acquiring Alexander Dennis.

NFI had their "Virtual Investor Day" this morning; which would have been a greater catalyst than the Seeking Alpha article. I watched the investor day video
https://www.nfigroup.com/investor-relations/investor-day-2021/ this evening, during which NFI:
- reaffirmed its financial guidance for 2020, including Adjusted EBITDA of $145 million to $155 million;
- announced its financial guidance for 2021, including Adjusted EBITDA range of $220 million to $240 million, representing a potential improvement of over 50% from 2020 expectations; and
- announced longer-term targets for 2025, including Adjusted EBITDA of $400 million to $450 million and a Return on Invested Capital ("ROIC") target above 12%.

Given the above, as well as the state of today's markets as it relates to renewables and EV's do you think that we might see NFI trading at or near $60 in the next year?

Thanks for the great work you do!!!

Cory
Read Answer Asked by Cory on January 12, 2021
Q: Could you please comment on the business combination of Advent Technologies Inc and AMCI Acquisition Corp. It looks like a SPAC deal in the fuel cell and hydrogen technology sector.

Thank you
Raj

Read Answer Asked by Raj on January 12, 2021
Q: Hello 5i. Could you advise if there are US and/or international tax implications for Canadian residents from owning a well-diversified international ETF such as XEQT or VEQT, in a non-registered Canadian account? For example, roughly 47% of XEQT is made up from, in part, an ETF that's traded on the NYSE: ITOT.

Thanks as always for your help and advice.
Read Answer Asked by Thomas on January 12, 2021
Q: Eddy Elfenbein of Crossing Wall Street fame has added Miller Industries to his portfolio this year. I know Eddy spends a lot of time analyzing companies ahead of bringing them into his portfolio and he is giving Miller a glowing recommendation. I wonder what your take is of Miller as an addition to a growth TFSA portfolio?
Read Answer Asked by David on January 11, 2021
Q: Appreciate your best advice regarding selling half of my large position of Visa and purchasing Walgreen's in my cash account. Anticipating Walgreen's will be very involved in providing vaccinations. Or better to stay with a large concentration of Visa with the economic recovery (hopefully) in USA. What is Walgreen's dividend? Thanks for your valuable input/advice as always.
Read Answer Asked by Dr Lorraine on January 11, 2021
Q: Hi team,
What are the underlying reasons for gold to be so volatile lately? Would the money flow going into bitcoin one reason? As for argonaut gold the Magino mine project going ahead late January combined with high gold prices in the last quarter could be a catalyst.Are you still positive long term on this company?
many thanks,
Jean
Read Answer Asked by Jean on January 11, 2021
Q: Could you comment in general on this ETF please. It has not recovered in the same way other international ETF's have and yet prior to March it seems like it's been pretty stable for the last 5 years, declining somewhat in 2018. I bought a bit a few months ago and am thinking of purchasing more. Do you feel it has upside potential in the recovery and do you feel it's a buy, sell or hold at current levels? Do you think the dividend is fairly safe?
Thanks so much, your input in invaluable!
Read Answer Asked by Pat on January 11, 2021
Q: In my search for EM stock with suitable financial strength/balance sheets, I noticed this Brazilian financial institution. Can you comment or offer a non-Index Etf alternative? Thanks!
Read Answer Asked by David on January 11, 2021
Q: Please compare JCI and TT and state your preference if you have.
I would like a similar comparison for CSIQ and FSLR.
Deduct the appropriate number of questions.
Thanks for this help and the other information you have provided over the years.




Read Answer Asked by Ron on January 11, 2021
Q: For international (non-NA) exposure, please provide your current opinion about the IGRO ETF. Would you recommend this ETF? Do you see it as a complement holding for dividend-growing (but not high dividend seeking) investors who already own VIGI? Are there any other international ETFs which you would recommend in lieu of IGRO?

Many thanks for your excellent advice, and this wonderful service.
Read Answer Asked by Dale on January 11, 2021
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