NFI Group – Adding to both equity portfolios

Recent acquisition of Alexander Dennis, the British double decker bus manufacturer, will be immediately accretive

The purchase will also better diversify globally the company’s sales

The shares are cheap, trading just over 10 times 2019 earnings

Current dividend yield is 4.67% with free cash flow yield of 5.15%

The cash dividend payout is 82%

The acquisition will offer the company operating cost synergies.

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