AGT Food & Ingredients (AGT.TO)

(A Top Pick Dec 19/11. Down 34.86%.) Averaged down on this because he believes this company is very well-positioned. Over the last few years they were beset by a lot of setbacks such as floods, poor crops or shipments being stopped. This is beginning to reverse itself. Pulses are increasing globally. Diversifying into food ingredients. Also, have a presence in Turkey which will do well to service that part of the world.

(Top Pick Dec 2/11, Down 38.31%) It hit the exit level and he got out. Would not own it right now. IT has double bottomed. He may look at it again. Technicals broke down.

(Top Pick Dec 2/11, Down 42.56%) He lost $3-$4. He always puts an exit point on it. He would not hold it right now.

Prefers over AGU and POT. Has a niche in chick peas and split lentils and pulses. Thinks we will see better earnings coming from them over the next few years. Yield 4.6%. They are well positioned to service growing demand.

Has done well in terms of recovering lost ground from the last few years. Market for pulse is definitely on the upswing as more economies develop.

Extremely leveraged to the pulse market and a consolidator. Pulse is a great market in Asia so is obviously a call option on the level of buying capacity in Asia among the trading community. Company has been in the penalty box in terms of earning power and ability to grow revenues independent of what is going on in Asia. Market is looking stronger in the back end of the year for buying capacity to come back into Asia. If that’s the case, this is a good point to look at this but he will wait for them to report a quarter or so.