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Ag Growth International Inc T.AFN

Alternate Symbol(s):  T.AFN.DB.F | T.AFN.DB.G | T.AFN.DB.H | T.AFN.DB.I | T.AFN.DB.J | AGGZF

Ag Growth International Inc. is a provider of the equipment and solutions required to support the storage, transport, and processing of food globally. The Company provides equipment solutions for agriculture bulk commodities, including seed, fertilizer, grain, rice, feed, and food processing systems. It has manufacturing facilities in Canada, the United States, Brazil, Italy, France, and India and distributes its products globally. Its segments include Farm and commercial. Its Farm segment focuses on the needs of on-farm customers, and its product offerings include grain, seed, and fertilizer handling equipment; aeration products; grain and fuel storage solutions, and grain management technologies. Its Commercial segment focuses on commercial entities, such as port facility operators, food processors and elevators. Its product offerings include larger diameter grain storage bins and high-capacity grain handling equipment; food and feed handling storage and processing equipment.


TSX:AFN - Post by User

Post by Maxmoeon Nov 07, 2022 1:26pm
137 Views
Post# 35079424

Uncomfortable

Uncomfortable Tim close is obviously not retiring. He's a young man with an enviable track record in an otherwise dull industry. So why no discussion of where he's going and why? If it was just a huge paycheck with a global giant he couldn't resist I get it.  Maybe he's going back to GE? Deere? Is he going to poach talent from afn wherever he lands? Should the "transition" have been for the chairman rather than the ceo? Was their a battle in the boardroom? As for the pivot from tuck in geographic and product line acquisitions to cost cutting and reducing debt, I'm not a big fan. Yet another Canadian company that plods along focused on costs rather than market share and growth ? Zzzzz.  I've seen many companies, mostly American, that push growth strategies and crush their meek Canadian competitors. Or completely fail. It doesn't always payoff. BUT, I don't see manufacturers that cut costs and cut debt all the way to the top. More like a slow self fulfilling spiral down. Like GE after Walsh left. So, what happened here last summer with this "transition"? Anyone have some insight? Or "the dirt" ? Don't need opinion. I already have my own poorly underinformed opinion. 
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