Topic: How To Invest

Pat: What is your recommendation on AGT Food and Ingredients? Thanks.

Article Excerpt

AGT Food and Ingredients Inc., $27.31, symbol AGT on Toronto (Shares outstanding: 23.1 million; Market cap: $633.5 million; www.alliancegrain.com), sources and processes a range of pulses and specialty crops. Pulse crops—including peas, beans, lentils and chickpeas—produce edible seeds called pulses. AGT’s Turkish subsidiary also makes pasta and rice products, plus foods made from bulgur wheat (whole wheat that has been cleaned, parboiled, dried and sifted). Saskatchewan-based AGT owns 12 processing plants in Canada, as well as a canning and packaging facility. It also has two plants in the U.S., four in Australia and nine in Turkey, as well as a bean-processing and food-distribution facility in China and a processing and packaging plant in South Africa. AGT changed its name from Alliance Grain Traders in October 2014. The company has grown quickly over the past five years, with revenue rising 111.8%, from $642.1 million in 2010 to $1.36 billion in 2014. It made $1.76 a share in 2014 (before one-time items), up sharply from $1.09…