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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (48829)	7/19/2012 9:29:26 AM
From: E_K_S	Read Replies (1) \| Respond to of 78767

Hi Jurgis Re: AFN.TO Here is the review I did on the company. goo.gl I suspect they would cut their dividend before they did any dilution bit either is possible. You are correct that they had quite a few acquisitions but most (if not all) were accretive to earnings. My biggest concern is their large LT debt to their annual net income which is at 6x. ADM LT Debt to annual Net income is 8x. I prefer to see 4X or less. Similar AG companies also sell closer to BV. AFN.TO is selling around 1.7x BV. I do like their ROA and ROE returns and net profit margins of 8%. Quite a bit higher than ADM. EKS