Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, November 13, 2015

Article Excerpt

AGT FOOD & INGREDIENTS INC., $31.53, symbol AGT on Toronto, buys and processes a range of pulses, which include peas, beans, lentils and chickpeas, as well as other specialty crops. The Saskatchewan-based company owns processing plants in Canada, the U.S., Turkey, Australia, China and South Africa. Before one-time items, AGT earned $0.51 a share in the three months ended September 30, 2015, up 10.9% from $0.46 a year earlier. Revenue gained 26.1%, to $362.8 million from $287.7 million. The increases came from recent acquisitions and higher processing activity. AGT continues to benefit from its plan to focus on more-profitable products, such as ingredients and packaged foods, as opposed to simply cleaning, splitting and bagging bulk crops. Food makers use these ingredients in products such as baked goods, soups and beverages, as well as pet food and animal feed. The stock trades at a low 13.2 times the $2.38 a..