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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (47051)	11/13/2015 3:16:15 PM
From: E_K_S	Read Replies (1) of 78764

Ag Growth International Inc. (AGGZF) - upped my position by 300% w/ new buys today at $22.71/share. Marine Harvest ASA (MHG) - Sold out of this Norwegian Salmon farmer and put proceeds into AGGZF. Company continues to be profitable and growing. They just acquired one of their distributor's/manufactures. That increased their debt but allows them to secure better margins on future sales. CEO said that sales of that line were now well over $5mln and it was best to fold them into the company. The company pays a monthly dividend in $CAN (0.20/month) that represent $1.81/share $US and that represents 7.9% yield. Been in Marine Harvest ASA (MHG) a long time and decided to close out the position. I accumulated my position years ago at/near $8.30/share and collected the dividend. I moved the proceeds into AGGZF that provided a higher yield and has better growth prospects. I do stay in the same sector; AG so am bullish long term as everybody must eat. Other AG companies like ADM are approaching value territory (at/near 52wk low) but I think they go lower and will be more interested if/when PE is below 10. The AG sector is very cyclical and we are in the lower end of that cycle. I suspect there will be more value buys before the cycle turns higher. EKS

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