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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (147166)	3/14/2023 12:31:39 PM
From: Goose94	Respond to of 202707

AG Growth Int'l (AFN-T) new 52 week high, $63.30

To: Goose94 who wrote (147166)	6/28/2023 2:58:42 PM
From: Goose94	Respond to of 202707

AG Growth Int'l (AFN-T) top pick from Stephen Takacsy on BNN.ca Market Call Wednesday June 28th @ 1200ET AG Growth is a safe way to play global growth in agriculture. AG Growth is a leading global manufacturer of handling and storage systems for grain, fertilizer, and other commodities for the agriculture industry. The company announced record results in 2022 of nearly $1.5 billion in sales and record EBITDA of $235 million. It recently increased EBITDA guidance to $265 million for 2023 based on a record backlog and strong demand from international markets such as Brazil, India and Eastern Europe as these regions are investing heavily to upgrade their farming infrastructure. This is a great way to play the global agriculture sector without taking commodity risks. The company is also generating significant free cash flow and is deleveraging quickly which is another tailwind for the stock price. Even though the stock is up over 50 per cent in the past year, it still trades at a bargain of less than seven times forward EBITDA. We estimate that AG Growth is worth as much as $90 per share if sold to a strategic buyer like AGCO, a large U.S. competitor.