Viterra Inc (VT.TO)

TOP PICK
Big sell off in the bear market and then did a double base. If it goes past $12.50, it is a major, major break.
PAST TOP PICK
(A Top Pick June 2/10. Up 46.64%.)
HOLD
Interesting that they maybe running the Port of Montreal. He doesn’t know the numbers, so that is why the market didn’t overly react. Stock does not break out above $12 because like other junior oil, break up in the spring was terrible. A lot of their stuff is in the area that is extremely wet. Just have to wait and the stock will probably go higher.
PAST TOP PICK
(A Top Pick April 19/10. Up 26.88%.) Distribution and processing of grains in Canada and Australia with a nice balancing of seasonality. Still likes.
HOLD
Looking at a possible exit. He thought maybe on the last results that the stock would get a nice boost, with people worrying about food prices. It didn’t happen yet, so he will hang on to it.
WAIT
Had pretty good earnings growth, recently a surprise of 2%. Earnings expected to go from 45 to 79 cents when they report in current quarter. 8% ROE isn’t much because it is not above the cost of capital. If they keep reporting continued earnings growth over the next couple of quarters he will likely consider buying the stock at that time.
PAST TOP PICK
(Top Pick Nov 25/10, Up 19.07%)
BUY ON WEAKNESS
Likes this one in the agriculture space. Purchase of the Australian company gives them seasonal and continental diversification. A leader in grain distribution and agriculture products that they produce. Could have a setback and if it did, he would add to his holdings.
PARTIAL SELL
Recently trimmed his holdings on the last big spike up. If you are very long-term in your thoughts, 2 to 5 years, agriculture is going to be a hotbed of activity. If you own, consider taking profits.
COMMENT
Food prices are at very high levels. This would have been a great Buy at $9. At $12 he thinks there’s a couple more dollars in it. Would be a little careful as they are a very heavy capital structure and can be very cyclical.
BUY ON WEAKNESS
Agricultural sector: ETFs give you the broad diversification, but he went with VT-T instead. It is getting over bought. You get good longer term exposure.
BUY
Grain handling in Canada and Australia. Limited commodity risks. Just announced they are going to start paying dividends, slightly over 1%. Getting involved in food processing.
PAST TOP PICK
(A Top Pick Dec 22/09. Down 7%.) His way of participating in agriculture without getting the swings of a direct fertilizer stock. Last acquisition makes them diversified seasonally and continentally. Still a Buy.
HOLD
Australia harvest is coming in much higher than expected. Thinks you will get a positive surprise on this one.
TOP PICK
(A Top Pick March 5/09. Up 2.61%.) Very few ways to play the food business. There is a huge pick up now in everything to do with agriculture. Looks good technically.
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