TSX:AGTPRA - Post by User
Post by
Buhl2Behron Dec 21, 2016 10:13pm
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Post# 25633231
Michael Sprung's Top Pick
Michael Sprung's Top PickAGT FOOD AND INGREDIENTS INC. (AGT.TO 0.68%) – Last purchased December 18, 2014 at $26.50
AGT is a leader in pulse processing for export and domestic markets. The company has had notable success in diversifying into food ingredients, an area that is facing increasing global demand. 2016 was declared by the United Nations to be the International Year of the Pulse, highlighting the growing global demand for pulses. Although pulse production in 2016 has been at record-setting levels, harvesting has been later than anticipated, pushing revenues forward. Export demand is growing, and AGT has been expanding its pulse handling and food ingredient production capabilities. Ingredion, a distributer of AGT's pulse base flour and ingredients, has made two significant acquisitions in the specialty ingredients portfolio, lending confidence to AGT's expansion in his area.
https://www.bnn.ca/video/michael-sprung-s-top-picks~1021965
Price Target - $44.00