OTCQX:AGXXF - Post by User
Post by
mountainposeon Nov 01, 2016 1:13pm
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Post# 25411028
I'm the idiot who knows nothing?
I'm the idiot who knows nothing?To all who are commenting on my post. Frist please refrain from the insults. I may end up wrong but I am not a fool. Please go back a few days and read my prior post(S). (Mountainpose). As you will see, the crop was very good but it is still largely in the fields due to the bad weather. The company is diversified yes, but when things start going in the wrong direction the added hedge becomes an unmanageable complexity. I won't go into what I have already posted as you can read it yourself. The stock has not been acting well at all. I am concerned about the rapid drop over the past two weeks. Normally the stock barely moves in a day. Finally I have watched what even a small earnings miss has been doing to stocks. Often the decline is greater than 20-30 percent...even if the earnings were still reasonable, AGT trades at 24X earnings and has tons of debt which will not bode well if rates begin to move up. Keep in mind that government rates can and likely will remain low in Canada, but corporate debt can and will move on it's own merits. Also if the U.S. raises rates Canada will be forced to do so as well. If we don't increase rates the Canadian dollar will take a serious beating. To end my story I very much like this Company and have owned it in the past for a very substantial gain. I want to won it again but I see no reason to add a position until I see the earnings and managements comments. And, as I write this the stock is down sharply...even after a positive upgrade yesterday and the upbeat BNN interview. Sorry to say guys but I'm the ignoramus who is making money today. It's lonely out here though. I may be the only short on the stock. If I am wrong I will cover the short and take a long position on the spot. Even if the price is up sharply. Thanks for reading. GLTA