Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, March 9, 2012

Article Excerpt

VITERRA INC., $13.58, symbol VT on Toronto, jumped almost 21% today after the company said it had received expressions of interest from unnamed parties interested in taking it over. Viterra is a Saskatchewan-based agribusiness that mainly operates in Canada and Australia. The company accumulates, stores, transports, processes and markets grains, oilseeds and specialty crops, including lentils and mustard. The stock was our Pick of the Month in the last issue (March 2012) of Stock Pickers Digest. At the time, it was trading at $10.09. That’s a 34.6% gain in less than one month. Our view is that the company is well positioned to benefit from an expected rise in Canadian and Australian crop yields in 2012, as well as the end of the Canadian Wheat Board’s monopoly on western Canadian wheat and barley sales. In addition, its Australian operations’ sales to Asia continue to rise. We also said that Viterra might be an attractive takeover target for a global food giant, such as…