Investment Q&A

Q: anything else in the cc to account for the huge miss on EPS and ebitda ??? Thx

Q: Could I get your thoughts on earnings out this morning. Thanks.

Q: Hi, could you please comment on Boyd Group earnings release. Thanks

Q: Should I hold on to NFI or sell, as the share price is dropping.

Q: Good morning 5i Team

NFI share price peaked in late March and has been been dropping since. The slide has accelerated since the Q3 report. Having read the report and listened to the call, I can't figure out what is causing such a sharp selloff. Here are four things that are noteworthy but still don't justify it in my mind:
1) new manufacturing plants (increased competition in the future)
2) Slightly lower backlog
3) Revelation that for every 10 new units sold, NFI typically takes 7 units in trade, and the re-sale value of trade-ins is declining, hurting margins.
4) Today's news (that the market has probably known for over a month) that 70 jobs will be moving to the US to accommodate the 70% US content rules.

I guess a fifth would be the overall market decline.

I've been watching NFI looking for an entry point. This looks like a good time but I feel that I must be missing something here. I would appreciate your thoughts before I pull the trigger.

Thanks. As always, your insights and guidance is much appreciated.
Peter

Q: In a previous answer today, you said you would be ok start a postion but not adding to it. How do you come with that ? If its under a 1 % of your total portfolio, doesnt that matter? this was a praised stock at $120 and it doesnt seem like much has changed.

Q: Hi can you provide your thoughts on BYD.Un. Seems like another high flyer is going down at a rapid pace

Q: Hi, Could you please post estimates for earnings release of tomorrow. Thanks

Q: Dear sirs,
Aside from previous earnings commentary, would you add to or initiate positions at these levels in Premium Brands?

Thank you,

Q: It would appear that many of the investment firms share the same positive views of KXS going forward. While there were a number of reduced 12 month targets, the adjustments were relatively minor. For example, Canaccord is now $97,50, TD is $98, 8 Capital is $100 and RBC is $105.

Q: comments on earnings please.

Q: KXS reports Rev of $36.6m(IFRS) & $39.6m(prior IFRS beat $33.5 in Q,2017).Please explain & which figure we should use. Also please confirm expected Rev.Txs for u usual great services & views

Q: In regard to Stantec's and the sale of their construction business do you think this sale should "fix" some of the drags on earnings the last few years? Overall how does this this position the company going forward? Do you think they need a infrastructure program to lift the stock price? And finally I they still quite tied to the oil and gas industries and is that weigh over the stock?

Thanks so much for your advice over the past three years - you have made me a much better investor.

Stuart

Q: can you provide your analysis and recommendation on Leons Furniture Ltd?

thanks - John C

Q: Can you explain and justify what’s going on with Photon. I didn’t sell at the highs When I was up almost 100%, preferring to look more long term than trading. Now, for the first time, I am under water on it. I thought they were rolling out some new products that were supposed to do well and drive numbers up. Do you still see it as a long term (3-5 year) hold to get back to the $2+ range? Or do you see it as a missed opportunity, live and learn, sell and move on?
Thanks

Q: Hi team,
On Nov. 8 you said expected EPS is 0.11...... previous year was 0.44.....Wouldn't that huge difference concern you and would be bad for the stock price?
Thx!

Q: Hello 5i Team,
Judging how emotional this market is, would you suggest in waiting for Savaria's earnings on Nov. 14th before stepping with a full position for a long-term hold?
The company forecasted 44 -45 M for 2018. What if they miss?
Keep up the great work!

Q: Do you do a detailed competitive analysis when you research a company? If so, can you provide such for NFI. My specific concerns are the new plants being added to the US that will compete with NFI, 2 that will be online by next year:
- Novabus' new North American assembly plant
- Gillig is in the process of building a new plant in California
An additional 3 new entrants have announced their intention to enter the NA market

Thanks

Q: Using low end of guidance @ $2.18 the shares are trading at below 11x P/E. Globeinvestor chart is showing RSI in oversold territory (unless I am reading wrong or using incorrect data - which could be a possibility :)).
The long term debt is still pretty high but if we are to believe mgmt.'s story the shares are cheap. I've been picking away and I'm at half a position with an ACB of around $30. Would you suggest buying the other half position with the share price currently at $23.01 as I am writing this question? Or continue to average in during the tax loss selling season?

Q: Hi guys:
I know you guys like this story a lot. I hold this name for the long term so that being said , is this a stock investors can treat like a savings account and when money is available, dollar cost average and buy the shares . Is this a good strategy for this story.
Thanks
Mark