Bullboard - Stock Discussion Forum AGT Food & Ingredients Inc 5.375% Pfd Restricted 4 Month Hold T.AGTPRA

Consumer Defensive Household & Personal Products

"AGT Food and Ingredients Inc is a farm products company. The business has three primary segments: Pulse and Grain Processing, Bulk Handling and Distribution, and Food Ingredients and Packaged Foods. The Pulse and Grain Processing segment is engaged in the cleaning, calibration, sizing, shipping, and export of pulse and stable foods. The Bulk Handling and Distribution segment is engaged in the... see more

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AGT Food & Ingredients Inc 5.375% Pfd Restricted 4 Month Hold > One of the most misleading earnings reports I have ever seen

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Post by mountainpose on May 14, 2018 10:37am

One of the most misleading earnings reports I have ever seen

. 1. Adjusted for this and adjusted for that. "I SAY NO". I want the real numbers. 2. Processed goods 68% of total sales? Horrible representation as grain handling was off a cliff so of course the percentage is higher. The accurate comparison would be with the last quarter, not total sales. For any growth, in any section. 3. "Management is not sorry" for being so optimistic. You have lost your shirt haven't you? Didn't you know this was a commodity business, and all commodity businesses will tank at some point? The problems with India are political. Grain handling has a shipping problem. These problems are not commodity related at all. Those problems are structural and will not just "cycle" away. This train has no brakes! What a mess. What a shame for the CEO to use his good reputation to misguide people.

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