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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (45117)10/26/2018 7:54:47 PM
From: Goose94Read Replies (1) of 202736
 
AG Growth Int'l (AFN-T) (Revisited) top pick from Peter Imhof on BNN.ca Market Call Friday Oct 26th @ 1200ET

AG Growth is a leader in global food infrastructure. The company has recently reported very strong earnings over the past few quarters and has a robust backlog in Canada as well as international markets. Demand for their products continue to increase at a rapid rate. The market that they play in is highly fragmented and is ripe for consolidation. The stock has recently sold off as the market has weakened and much of the demand had been soaked up from a recent large equity issue. The use of the proceeds will be to bring down debt and for possible acquisitions. The stock trades at a reasonable valuation relative to its earnings growth rate. Presently the stock is yielding a 4.3 per cent dividend yield.
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