Topic: How To Invest

Stock Pickers Digest Hotline – Friday, November 10, 2017

Article Excerpt

AGT FOOD & INGREDIENTS, $18.16, symbol AGT on Toronto, buys and processes a range of pulses—peas, beans, lentils and chickpeas—as well as other specialty crops. The Saskatchewan-based company owns processing plants in Canada, the U.S., Turkey, Australia, China and South Africa. Low worldwide prices for lentils due to bumper crops and a resulting oversupply continue to hurt AGT. In particular, Indian and Turkish buyers are working through their own local suppliers before moving on to new crops harvested in Canada and other regions. In the three months ended September 30, 2017, AGT’s revenues fell 22.9%, to $340.9 million, from $442.3 million. Excluding one-time items, the company lost $0.06 in the latest quarter, compared to a profit of $0.50 a year earlier. However, AGT’s cash flow remains positive: it reported cash flow per share of $0.33 in the latest quarter—although that was half of the $0.66 it generated a year earlier. AGT has also taken measures to shore up its balance sheet. In August 2017,…

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