Ag Growth International Inc | StockChase
112
Ag Growth International Inc (AFN-T)

Last Price Recorded: $50.8200 on 2017-11-17

ON STOCKCHASE SINCE Apr 2005

manufacturer of portable grain handling equipment

machinery

Ag Growth International Inc


Signal Opinion Expert

2017-11-07

TOP PICK
Ag Growth International Inc (AFN-T)

This used to sell augers to farmers, and now it has broadened its business into infrastructure. It sells silos, drying facilities, etc. On top of cyclical businesses which is selling into the farmers, it is now an infrastructure business growing globally. Dividend yield of 4.7%. (Analysts' price target is $66.)

machinery
Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $50.710
Owned: Yes

2017-09-07

HOLD
Ag Growth International Inc (AFN-T)

Headquartered in Winnipeg.  They are into grain storage.  They are in the US, Ukraine and Canada.  It will continue to grow.  He would hold on to it.  They will continue to grow around the world.

machinery
Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $57.000
Owned: Unknown

2017-08-31

WATCH
Ag Growth International Inc (AFN-T)

We have a ceiling on the stock here.  The company has a fair bit of debt.  They made several acquisitions.

machinery
Chris Damas

Editor, The BCMI Report

Price: $58.150
Owned: Unknown

2017-05-12

COMMENT
Ag Growth International Inc (AFN-T)

This has a new CEO, who is an acquisitions expert. He thinks this stock is getting to the point where you have to ask, how much money can they make from these things. They are now going into fertilizer storage. He thinks $60 will be a good price for the stock. Doesn’t think they are covering the dividend, so be careful. It is a competitive business. A risky business for low returns.

machinery
Chris Damas

Editor, The BCMI Report

Price: $58.820
Owned: Unknown

2017-03-22

BUY
Ag Growth International Inc (AFN-T)

A great company. One of the few ways of playing the agricultural sector in a sort of safer non-commoditized way. They make grain and fertilizer handling and storage equipment. Growing internationally. Very well-managed. The stock is down because they did a fairly large equity financing at around $54-$55 in the last few months. However, results have been very, very good. It gives you international exposure to needy infrastructure space overseas. A good entry point.

machinery
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $50.820
Owned: Yes

2017-03-02

COMMENT
Ag Growth International Inc (AFN-T)

Agricultural stocks in general tend to do well during the summer and tend to run up through to the end of the year. This one had a phenomenal run all the way from mid-$30 to the mid-$50. Quite a good stock to hold during that time. Right now, we are seeing it shows signs of weakness. Momentum indicators are trending lower. This has been flat since December when the period of seasonal strength ended for agricultural stocks. If it breaks through, very short term support at $50.50, you will see significant downside potential of about $6.

machinery
Jon Vialoux

Research Analyst, Timingthemarket.ca & Equityclock.com

Price: $52.680
Owned: Unknown

2017-01-18

COMMENT
Ag Growth International Inc (AFN-T)

Just made a very accretive acquisition, which he thinks is going to give them EPS growth of about 40% annually for the next couple of years. The payout ratio is looking sustainable at 67% for 2017. Debt to EBITDA is a little elevated, but he sees that coming down. However, it is trading pretty high compared to its historical averages. He would play this by writing puts. Dividend yield of 4.93%.

machinery
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $54.610
Owned: Yes

2016-12-09

COMMENT
Ag Growth International Inc (AFN-T)

Not for the faint of heart. It is very whippy, but is a good quality name. It may have gotten a little ahead of itself, so he wouldn’t be jumping in right now. Not sure if there are options on this, but he would be Selling Puts to gain entry at $53-$54.

machinery
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $55.500
Owned: Unknown

2016-11-16

COMMENT
Ag Growth International Inc (AFN-T)

Had a nice little move in the last while. Fundamentally it ranks quite strong. Last quarter had good numbers. From a technical standpoint he wouldn’t be selling this. It looks like there is still a fair amount of growth, both organically and from acquisitions. Organic growth will come from it being a good crop year in the US, and the delay of buying equipment that has happened over the last 12 months. Farmers are expected to be buying replacement parts and equipment.

machinery
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $53.370
Owned: Unknown

2016-11-04

COMMENT
Ag Growth International Inc (AFN-T)

Makes agricultural products for the storage of grains, etc. Feels commodity prices have bottomed and it looks like corn and other prices are heading up. The most recent earnings were up 25% year-over-year as of August. Earnings are expected to grow by 52% to $.86 when they report in November. 26% earnings increase expected for 2017 against a 16 PE.

machinery
Robert McWhirter

President, Selective Asset Management

Price: $47.170
Owned: Unknown

2016-10-24

COMMENT
Ag Growth International Inc (AFN-T)

It is a comparable to DE-N.  It has a nice chart, nice dividend and nice growth.  It is more of a growth play than DE-N, which is more of a value play. 

machinery
Michael Underhill

Portfolio Manager, Exempler Funds, Capital Innovations

Price: $47.650
Owned: Unknown

2016-08-16

COMMENT
Ag Growth International Inc (AFN-T)

Sold his holdings recently, on valuation more than anything. Doesn’t think the dividend is in trouble here. A very high quality business.

machinery
Andrew Pink

Portfolio Manager, LDIC

Price: $41.730
Owned: No

2016-07-28

BUY
Ag Growth International Inc (AFN-T)

This has about an 83% payout ratio with a dividend yield of about 6%. They missed on their top line in Q1, but are guiding to a stronger 2nd half. The balance sheet is a little stretched at 3.7X net debt to EBITDA. Thinks this is one that you could own here. Dividend yield of 5.7%.

machinery
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $42.250
Owned: Unknown

2016-07-27

BUY
Ag Growth International Inc (AFN-T)

(Market Call Minute.) This ranks well for him.

machinery
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $41.530
Owned: Unknown

2016-06-29

PAST TOP PICK
Ag Growth International Inc (AFN-T)

(A Top Pick June 18/15. Down 12.48%.) Manufactures equipment to store and handle grain, and are growing globally. A great theme, because there are so many developing countries that have decrepit or no infrastructure compared to what we have in North America. Just made an acquisition in Brazil and are selling more and more into Eastern European countries. Very well-managed. If you want a good, global growth company in agriculture and not dependent on the commodity cycle, this is your best bet. You get a good 6% safe yield.

machinery
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $40.450
Owned: Yes

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