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Winnipeg-based New Flyer, North America’s largest manufacturer of heavy-duty transit buses, has gained more than 25 per cent since January and about 43 per cent over the past year. (Karen Scarsbrook/New Flyer Industries)
Winnipeg-based New Flyer, North America’s largest manufacturer of heavy-duty transit buses, has gained more than 25 per cent since January and about 43 per cent over the past year. (Karen Scarsbrook/New Flyer Industries)

New Flyer: A look at one of Canada's biggest stock market success stories Add to ...

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New Flyer Industries (NFI-T)
Revenue (2016): $2.3 billion (U.S.)
Market cap: $3 billion
Number of employees: 5,100

About 20 minutes west of downtown Winnipeg, in a 104-year-old rail yard, sits the headquarters and main factory of New Flyer Industries, a venerable bus manufacturer that has become one of Canada’s biggest recent stock market success stories. The company reports in U.S. dollars, and last year it surged past $2 billion in revenue and increased its profit by 131%. It now owns about half of the North American bus market, making it the largest player in its industry. “It has the dominant position, and that turns a decent business into a great investment,” says Jeff Mo, a portfolio manager with Mawer Investment Management.

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