07:07:19 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Ag Growth International Inc
Symbol AFN
Shares Issued 13,180,879
Close 2015-03-27 C$ 52.31
Market Cap C$ 689,491,780
Recent Sedar Documents

Inv Reporter refreshes Ag Growth buy

2015-03-27 20:36 ET - In the News

The Investment Reporter, in its March 20, 2015, issue, refreshes its buy of Ag Growth International Inc., recently $56.90. The Reporter said buy nine times from Dec. 7, 2007, to Jan. 2, 2015, at prices ranging from $17.75 to $55.88. Assuming an investment of $1,000 for each of the nine buys, the $9,000 position would now be worth $15,135. Ag Growth's shares have risen in recent months, reflecting several positive developments. Ag Growth is acquiring Vicwest's Westeel division, which mostly provides crop storage containers. The acquisition should be a suitable addition to Ag Growth, which manufactures grain handling and conditioning equipment. The company expects to pay $221.5-million in cash for the Westeel purchase. Ag Growth's earnings are expected to increase to $3.73 a share from the $3.01 a share the company is thought to have earned last year. The 2015 earnings estimate significantly exceeds Ag Growth's $2.40 annual dividend. This suggests that the company will maintain its dividend, which is now a 4.2-per-cent yield. The stock trades at a reasonable 15.3 times the $3.73 earnings estimate. Keep buying Ag Growth for high dividends while you wait for further long-term gains.

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