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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (51314)5/8/2013 2:59:49 PM
From: E_K_S  Read Replies (2) of 78702
 
AG GROWTH INC FD (Other OTC: AGGZF.PK) - Increased position by 30%

Company Has good revenue exposure to US (50%), Canada (20%) and International including Russia (30%). YoY revenue growth 2011/2012 about 5%. U.S. 2012 results impacted by drought so 2013 may see better growth w/ more rain. Sales in Russia continue to be strong too.

Therefore, the value proposition is one could be buying at the low of the cycle due to the world wide drought. Company still generates income to pay monthly distributions now around 7.5% Canadian.

Their last report (below) could reflect the worst in the cycle because of the drought.

Ag Growth Announces Fourth Quarter Results; Declares Dividends



Their first quarter report (Jan-March 2013) is Friday and could show a turn and or more impact from the drought. For me, it's time to buy a few more share. In at $US 30.25.

EKS
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