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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose946/13/2018 8:05:47 PM
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AG Growth Int'l (AFN-T) top pick from Peter Imhof on BNN.ca Market Call Wednesday June 13th @ 1200ET

A leading manufacturer of grain and fertilizer handling, storage and conditioning equipment, the company recently reported a blowout quarter with sales up 38 per cent year-over-year. Canadian sales were up 12 per cent in the quarter despite the late start to typical spring weather. U.S. sales were up 50 per cent in the quarter and international sales were up 72 per cent. All three regions saw their backlogs increase dramatically, which bodes well for future quarters. The stock trades at a little over 10-times 2018 earnings before interest taxes depreciation and amortization (EBITDA) despite very strong growth in recent quarters and good visibility. AG Growth presently pays a $2.40 dividend and yields just over 4 per cent. I believe the company has lots of running room internationally and we should see some very good growth both in the next few quarters as well as the next few years.
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