RE:Stephen Takacsy Top PickHere's what bNN posted after same interview..
AG Growth International (AFN TSX) AG Growth is a leading North American manufacturer of grain handling equipment and storage for the agriculture industry. The company will do nearly $1.2 billion in sales this year and record profits, and also has a record backlog going into next year. Their international business in Brazil, India and Eastern Europe is booming as these regions are investing heavily to upgrade their existing farming infrastructure. The stock is really beaten up due to a lawsuit involving the collapse of some storage bins that may have been improperly installed by a 3rd party. AG Growth has already taken sufficient provisions to cover the entire cost of remediation, so any insurance proceeds will be gravy and lead to a reversal of some of the provisions. The company also has a fast growing technology business called Suretrack. The stock trades at a very cheap 7X 2022 EBITDA versus its long term average of 9x. We also think that AG Growth would make a great take out candidate for AGCO, a large U.S. competitor