Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, May 15, 2015

Article Excerpt

AGT FOOD & INGREDIENTS INC., $28.51, symbol AGT on Toronto, buys and processes a range of pulses—which include peas, beans, lentils and chickpeas—as well as other specialty crops. The Saskatchewan-based company owns 13 processing plants in Canada, nine in Turkey, four in Australia, two in the U.S., one in China and one in South Africa. Before one-time items, AGT earned $0.42 a share in the quarter ended March 31, 2015, up 162.5% from $0.16 a year earlier. Revenue gained 23.7%, to $385.2 million from $311.3 million. The increases came from recent acquisitions and higher processing activity. The company recently agreed to pay a total of $26.7 million for the assets of two firms: West Central Road & Rail Ltd. and Prairie Processing (1989) Ltd. These properties, which include five loading sites and a processing facility in Saskatchewan, should let AGT ship more crops and boost its efficiency. The company expects to complete these purchases in June 2015. AGT Food & Ingredients is a buy. AGT…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.