Alliance Grain Traders Inc., $18.67, symbol AGT on Toronto (Shares outstanding: 19.9 million; Market cap: $370.5 million; www.alliancegrain.com), sources and processes specialty crops, including lentils, peas, chickpeas and canary seed, mainly for export markets.
The company has 29 facilities in Canada, the U.S., Turkey, Australia, South Africa and China. Its Turkish subsidiary also produces pasta and rice, plus foods made from bulgur wheat (whole wheat that has been cleaned, parboiled, dried and sifted).
In the three months ended December 31, 2013, the company’s revenue rose 51.8%, to $375.1 million from $247.2 million a year earlier. The increase came from higher processing activity and increased prices for beans, lentils and chickpeas. Before one-time items, earnings jumped 80.0%, to $6.8 million, or $0.34 a share, from $3.8 million, or $0.19.
As of December 31, 2013, Alliance’s long-term debt was $224.4 million, or a high 61% of its market cap. That adds risk. The company also held cash of $22.9 million, or $1.15 a share.
Alliance continues…
Privacy Policy and Terms of Use
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
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