BNN Market Call Tonight – Michael Sprung’s Top Picks and Outlook

Outlook:

Global markets were mixed in the second quarter of 2017. The US market recorded another positive quarter, albeit half as robust as the prior quarter. European markets managed to eke out a modestly positive quarter in spite of a large decline in June following the inconclusive UK election. Asian markets were very strong due to trade in information technology and a positive election result in South Korea. Resource heavy markets such as those of Latin America, Australia and Canada were not as fortunate and generally posted negative returns in the quarter.

Michael Sprung Top Picks AGT, AGT Food and Ingredients, ECA, Encana, Royal Bank, RY

Michael Sprung’s Top Picks: AGT Food and Ingredients, Encana, Royal Bank

Towards the end of the quarter, the Central Banks in Canada, Europe and the US were taking a more hawkish tone insofar as hinting that economic conditions have improved to the point where interest rates may be raised in the near future. It remains to be seen how the economies may react to rising rates. Recessions are more often than not predated by rising interest rates. 

As we enter the third quarter, investors are focusing on the the global trade dynamics. The US has made it clear that they are not happy with the current terms of trade worldwide. Europe is also facing negotiations with Britain on trade policies as their departure from the European Union nears. The recovery since the end of the last financial crisis ten years ago has been slow and tepid while the duration has been much longer than most. Markets have generally performed very well throughout the period without a major correction. In fact, it has been over a year since we have seen a 5% pullback. Given all of the dynamics of rising rates, trade policies and othe geopolitical issues, we would suggest that this is a time to be very cautious.

Top Picks:

Royal Bank of Canada, RY, Owned personally and by clients, Last purchase September 16, 2016, $74.45
The Royal Bank is Canada's largest financial institution that ranks within the largest twenty banks in the world with extensive domestic and wealth operations as well as global banking, capital markets, custody and brokerage networks. Highly profitable domestic operations are funding both domestic and global expansion as well as greater returns to shareholders. At current prices, the stock carries a yield of 3.7%

Encana Corp, ECA, Owned by clients, Last purchase September 15, 2016, $12.70 
Encana is a leading North American energy producer focused on a diverse portfolio of resource plays producing natural gas, oil and natural gas liquids. Over the past four years, Encana has improved operational efficiencies, focused on capital allocation and costs and carried out over $20 billion in acquisitions and divestitures. The asset base has been significantly upgraded and the balance shhet is stronger. Over the next five years, Encana has ambitious goals to increase production and profitability. Much has been accomplished to reposition the firm to compete in a lower pricing environment.

AGT Food and Ingredients, AGT, Owned personally and by clients, Last purchase December 12, 2014, $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. AGT has been expanding its pulse handling and food ingredient production capability. India has extended, for the fifth time,  AGT's ability to import wheat/pulses to December 31. While pulse markets have been less robust than anticipated thus far in 2017, this is a short term issue. As the market normalizes and management exploits opportunities in bulk handling and food, we anticipate that the stock will recover and prosper.

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The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.  

TSX Stock Picks & Outlook – Michael Sprung on BNN Market Call Tonight

TSX Stock Picks

Manulife Financial Corp, MFC-T, Owned personally and by clients, Last Purchase March 3, 2016, $18.50

Manulife is a leading Canadian-based financial services group with operations in Asia, Canada and the United States. Over the past five years, the company has made tremendous strides in de-risking the balance sheet and improving profitability through increasing wealth management operations as well as redirecting the mix of products sold. Manulife's geographic diversification in an era of expected interest rate increases, positions the company to do well and raises the prospect of future dividend increases. The stock currently yields around 3.0%.

TSX Stock Picks Outlook - Michael Sprung on BNN Market Call Tonight

TSX Stock Picks & Outlook – Michael Sprung on BNN Market Call Tonight

AGT Food and Ingredients Inc., AGT-T, Owned personally and by clients, Last Purchase December 18, 2014, $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 demonstrative of the growing global demand for pulses. In 2017, AGT will be in a position to expand its ingredients and food shipments as additional capacity comes on-stream and the recently expanded pasta business in Turkey develops. 

Fortis Inc., FTS-T, Owned by clients, Last Purchase April 12, 2016, $39.41

Fortis is the largest investor owned gas and electric distribution utility in Canada with operations in the US and Belize.  Over the next few years, Fortis is expected to significantly increase its rate base. Over the next five years, management anticipates capital expenditures in the order of $12.9 billion. The company is extremely well diversified by asset type, geographic location and regulatory regimes. Fortis has a history of dividend increases that are expected to continue. The stock currently yields 3.9%.

Outlook:

2016 was a year full of surprises. Following a terrible start in early January to mid-February, markets recovered. Several major events failed to go the way of "expert" prediction; most notably the vote in the UK to leave the European Union (Brexit) and the election of Donald Trump as the 45th President of the United States of America. In both of these occasions, initially markets reacted as the experts predicted but then they changed course and rallied in very short order.While all of this was happening, the European migrant crisis persisted, spurring more radical political movements. The underlying financial problems within the European Union linger, inflaming the rhetoric of politicians competing for headlines. A disturbing trend from investors' point of view is the rising sentiment against free-trade and globilization.

There is no shortage of other global geopolitical concerns in the Middle East (particularly Syria), the South China Sea, Russian interventions in the Ukraine and Syria, etc. 

As we start 2017, we will carry all of this baggage forward. Already, new shocks have emanated from the first weeks of the Trump presidency and many more, yet unknown surprises are sure to follow. The US economy continues to expand and interest rate increases are anticipated as a result. Technology continues to influence productivity and labour markets. 

There will be winners and losers in this trend, but change is inevitable. 2016 is still fresh in our minds. 2017 will bring its own shocks and surprises. Investors will prosper if they stay fast with their discipline and do not get distracted by the turbulence that surrounds them. 

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The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.  

Canadian Stock Picks – Michael Sprung on BNN Market Call Tonight

Outlook

2016 has been a year to remember for investors. The UK vote to leave the European Union came as a surprise to the pundits, media and the investment community only to be shocked again as Donald Trump won the presidential race in the US. Then, despite all the opinions to the contrary, the US stock market did not go down but recorded the longest running post election rally in history. While all of this was occurring, the European migrant crisis persisted causing vexation within the local populations and spurring more radical political movements. A disturbing trend from an investor’s point of view has been the rising volume of anti free trade and globalization rhetoric. The underlying financial problems within the European Union with respect to Portugal, Italy, Greece and Spain remain unresolved as if politicians are hoping that a “deny and delay” policy will push these crises onto future governing bodies. Other issues that continue to persist include disturbances in the Middle East (particularly Syria), Chinese hegemony in the South China Sea, Russian incursions into the Ukraine and Syria (and maybe even US politics), etc.

Canadian Stock Picks Alaris Royalty ADARC Resources ARX, AGT Food and Ingredients

Canadian Stock Picks – Alaris Royalty Corp, AD, ARC Resources Ltd, ARX, AGT Food and Ingredients Inc, AGT

As we head into 2017, we will carry all of this baggage with us as well as face many new, yet unknown disruptions as we do every new year. While it is not known what the longer term consequences of a Trump presidency will be, the US economy is expanding and it is unlikely that policies would be introduced to intentionally stunt that growth. While investors played a waiting game with the Federal Reserve in 2016, it appears that there is now confidence in the strength of the US recovery to allow interest rates to increase. In Europe, despite problems in a number of areas, the overall economy is exhibiting signs of more stability and even some growth. While growth in the emerging economies has slowed, growth relative to the developed world is robust producing greater wealth and higher demand for goods and services.

Technology continues to reshape our world in an ever accelerating fashion. There will be winners and losers in this trend, but change is inevitable. 2016 is still fresh in our minds. 2017 will bring its own shocks and surprises. Investors will prosper if they stay fast with their discipline and do not get distracted by the turbulence that surrounds them. We wish everyone a healthy and prosperous New Year.

Canadian Stock Picks

Alaris Royalty Corp, AD-T, Owned personally and by clients, Last Purchase November 2 2016 at $19.84

Alaris has undergone a challenging year. Since the beginning of 2016, problems in some of the companies in which Alaris had invested dragged on without satisfactory resolution . Since July, more problems came to light with some write-downs. The share price declined steadily as investors became concerned with the sustainability of the dividend and Alaris’ debt coverage ratios. Throughout this period, management was negotiating workouts with the companies with issues. At this time, positive resolutions to many of the issues appear to be in sight. The Company has expanded its financial capacity and successfully initiated investments from a new small cap division. The dividend appears more secure now and we anticipate that upward revisions to the dividend will be forthcoming in the years ahead.

ARC Resources Ltd., ARX-T, Owned by clients, Last Purchase March 9 2016 at $18.72

ARC in one of Canada’s leading conventional oil and gas companies with operations in Western Canada. The recent sale of assets in SE Saskatchewan at Weyburn and Midale will act to further strengthen an already strong balance sheet as well as free up capital to be deployed in the acceleration of 2017 drilling plans in the Montney region. ARC has been disposing of non-core assets as management concentrates on more profitable production opportunities. Management has been diligent in capital management throughout the commodity price downturn. A dividend increase by late next year may be forthcoming with the balance sheet improvement.

AGT Food and Ingredients Inc., AGT-T, Owned personally and by clients, Last Purchase 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 capability. Ingrdion, 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.

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We believe that investment management is about managing risk, not chasing speculative returns. Like to learn more? Please contact us here>>

The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.

 

AGT Food and Ingredients (TSE:AGT) reports profit growth for Q3

AGT Food and Ingredients Inc (TSE:AGT, Mkt cap 827.21M, P/E 16.64, Div/yield 0.15/1.69, EPS 2.13, Shares 23.93M), a Canadian company that processes and exports seeds and pulse crops, has reported net earnings of C$7.4m for the third quarter of 2016, up from the net loss of C$7.2m in the same period in 2015.

AGT Food Ingredients TSE:AGT profit growth

AGT Food and Ingredients (TSE:AGT) reports profit growth for Q3

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to C$27.4m for the three months ended September 30, an increase of 18.1% over C$23.2m for the corresponding period a year ago.

“We have a significant harvest completed in Western Canada and the Northern Tier United States with the highest production levels ever reported for peas and lentils,” commented Murad Al-Katib, AGT president and CEO. “While there have been some quality issues as a result of the late season and harvest weather, the produced product is certainly marketable to pulse consumption markets around the world.”

Although prices for pulses have been under pressure due to record harvests, this may help in further stimulating demand to markets like India and Turkey, Al-Katib noted.

He continued: “Our food ingredient business is continuing to advance and we are pleased with our progress as pulse ingredients continue to appear on the ingredient deck of all sorts of consumer packaged foods and petfood. Overall, our business is returning to normalized volumes and stable margins after the low remaining qualities available for processing and export earlier in the year.”

Huseyin Arslan, chairman of the board of directors, added: “AGT’s global business continues to advance and grow, leveraging our facility, origination strength and market access in markets around the world. We have seen movement in the market over the past periods; however, AGT has continued to perform consistently well to grow our business, service our customers and create value for our shareholders. The growing opportunities for AGT in India and the planned ramp-up of our railway bulk handling infrastructure in the next years are exciting developments for us. We are confident in our ability to continue this trend.”

AGT Food and Ingredients Inc. (TSE:AGT), formerly Alliance Grain Traders Inc., is a Regina SK based processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey. AGT operates a retail packaged foods business, including packaged pasta under the Arbella brand name, and a retail business unit in Canada, offering various food products under the CLIC brand.
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The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.

 

Canadian Stock Picks — Michael Sprung on BNN Marketcall

Canadian Stock Picks

Canadian Imperial Bank of Commerce, CM-T, Owned personally and by clients, Last Purchase December 23, 2015, $92.49

CM is Canada’s fifth largest bank by market capitalization. Over the better part of the past decade, management has concentrated on de-risking and shoring up the balance sheet largely by retrenching and focusing on core competencies. The bank is now the most profitable as measured by return on equity and has one of the strongest capital bases. The recent purchase of PrivateBancorp establishes CM with a larger foothold in US. This is a well run, well managed bank and CM has paid a premium to make this purchase. As a result, the stock has languished somewhat against its competitors providing an opportunity for investors. At current prices, the bank yields around 4.9%.

canadian stock picks michael sprung bnn market call

Michael Sprung BNN Market Call Interview: Canadian stock picks and outlook

AGT Food and Ingredients Inc., AGT-T, Owned personally and by clients, Last Purchase December 18, 2014, $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 has been declared by the United Nations to be the International Year of the Pulse, highlighting the growing global demand for pulses. Recent stock supply levels may be cutting into current volumes that may result in lower seasonal results. The market appears to have priced this fact in given the recent pullback in the stock price. Export demand is growing and a larger fall harvest is anticipated.

Stuart Olsen Inc., SOX-T, Owned by clients, Last purchase April 19,2016, $6.77

Stuart Olson Inc, formerly The Churchill Corporation, is one of Canada’s largest construction firms providing general contracting and electrical building systems contracting in the institutional and commercial construction markets as well as electrical, mechanical and specialty services in the industrial construction markets. The stock has underperformed the market and its peers as investors have focused on its exposure to Western Canada. Going forward, there are plans by the governments of Alberta, Saskatchewan and BC, as well as the Federal government, to dramatically increase spending on infrastructure. At the end of the fourth quarter, SOX had a backlog of $1.96B(58% construction, 28% cost-plus, 5% design build and the rest in tenders). The Industrial Services Group while exposed to the oil sands, derives its revenue from maintenance, repair and operations in the energy, mining and hydro industries. Stuart Olsen has a good balance sheet. The dividend currently yields 7.4%.

OUTLOOK

North American markets have hit recent highs despite a growing list of negative geopolitical and business risks, particularly those stemming from the surprising vote in the UK to “Brexit”. At the same time, the global bond markets appear to be signalling an expected decline in economic activity. Governments out side of North America continue to attempt to stimulate economies through quantitative easing and proposed infrastructure spending. Over US$13 Trillion of sovereign debt is now at negative interest rates and the total continues to grow.

Politicians in North America and Europe are exploiting the public’s unrest through fear-mongering on the issues of globalization and free trade as was most evident in the Brexit vote and continues in the US presidential race. Whether or not politics can “trump” the economic and demographic cycles remain to be seen.

After a number of years of expansion fueled by debt, we could be entering a period of deleveraging that will stall global economic growth for a period and potentially caused markets to decline and volatility to increase. Investors should be prepared to take advantage in these circumstances to invest in well financed, well managed companies.

You can view the complete Market Call interview here>>

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We believe that successful investors focus on the quality of the assets they buy. Speculators focus on guessing the future prices. Like to learn more? Please contact us here>>

The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.

 

Michael Sprung on BNN’s Market Call Tonight, April 28, 2015

Market Call Tonight – each weekday evening, Mark Bunting hosts top fund managers and market analysts – professionals who manage retail and institutional investment assets.

Market Call -Top Picks Michael Sprung Manulife Financial AGT Food Ingredients New Flyer Industries

Market Call – Top Picks from Michael Sprung: Manulife Financial, AGT Food and Ingredients, and New Flyer Industries

Market Call Outlook:

Global stock markets continue to advance despite investors’ concerns with respect to geopolitical turmoil in Asia, the Middle East and Eastern Europe.  Since the financial crisis in 2008, total global debt has increased by over 40%, or $57 trillion.  This massive increase in debt has been a consequence of the low interest rate environment and various programs of quantitative easing by a number of central banks.  In Canada, consumer debt levels have been highlighted as a concern by government officials and the fallout of lower energy prices continues to reverberate through the economy.  Advancing markets have resulted in higher valuation levels.  Investors should be cautious in this environment but be prepared to take advantage of any pullbacks in the market.

Market Call Top Picks:

Manulife Financial Corp. (TSE:MFC, Mkt cap 43.48B, P/E 12.30, Div/yield 0.16/2.81, EPS 1.79, Shares 1.97B) Owned personally and by clients, Last Purchase: Dec 24 2014 $22.18

Manulife is a leading Canadian-based financial services group with operations in Asia, Canada and the United States.  Over the past five years, the company has made tremendous strides in de-risking the balance sheet and improving profitability through increasing wealth management operations as well as redirecting the mix of products sold.  The insurance companies will be amongst the beneficiaries should interest rates start to rise.  MFC has one of the strongest capital bases in the industry.  Going forward, we anticipate that core earnings growth will continue to stem from the Asian operations as well as from initiatives in the US and Canada.  With its strong capital base and improving profitability, dividend increases are likely within the next few quarters.  Manulife will be reporting earnings on May 7.

Read all of our reports on Manulife here>>

AGT Food and Ingredients Inc. (TSE:AGT, Mkt cap 598.21M, P/E 26.20, Div/yield 0.15/2.31, EPS 0.99, Shares 23.07M) Last Purchase Dec 18 2014 $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 has been declared by the United Nations to be the International Year of the Pulse.  This designation will serve to highlight the opportunities for AGT as demand for pulse ingredients expands.

Read all of our reports on AGT Food and Ingredients here>>

New Flyer Industries Inc (TSE:NFI, Mkt cap 784.31M, P/E 24.95, Div/yield -/4.20, EPS 0.56, Shares 55.51M) Owned by clients, Last Purchase: Dec 18 2014 $12.80

New Flyer Industries manufactures and assembles transit buses in Canada and the US as well as providing after market services.  The company has been a consolidator in North America and is well positioned to participate in fleet renewals.  Pricing has been improving and the Company’s backlog has been expanding.  New Flyer will be a beneficiary of the improving economy in the US and the strong US dollar as about 80% of their revenues stem from the US

Read all of our reports on New Flyer here>>

See Top Picks from Michael Sprung: Manulife Financial, AGT Food and Ingredients, and New Flyer Industries on the Market Call Tonight page.

Market Call Top Pick Sales:

Agrium Inc. (TSE:AGU, Mkt cap 17.97B, P/E 18.77, Div/yield 0.98/3.12, EPS 6.71, Shares 143.74M) We scaled back holdings in a number of accounts where weight had become larger than desired due to recent price appreciation.  Still owned in many accounts.Sold at $143.12 on February 24, 2015. View previous reports here>>

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The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.

 

Canada Stockwatch – AGT Food and Ingredients Outlines 2015 Plans Following Solid 2014

Canada Stockwatch – AGT Food and Ingredients Inc (TSE:AGT, Mkt cap 706.88M, P/E 24.46, Div/yield 0.15/1.96, EPS 1.25, Shares 23.07M) has posted adjusted net earnings of $36.2 million for 2014, up from up from $21.5 million in 2013, with the firm expressing further optimism for the 12 months ahead.

Canada Stockwatch AGT Food Ingredients Outlines 2015 Plans

Canada Stockwatch – AGT Food and Ingredients Outlines 2015 Plans Following Solid 2014

As the Regina Leader Post reports, AGT continues to nurture itself back to good health after being hit hard by the financial crisis and the recession. A recovery, says president and CEO Murad Al-Katib, has been made possible by sticking to the right strategy.

Al-Katib, who founded AGT in his Regina basement in 2001, said the company has no plans in 2015 to stray too far from the strategy that has served it so well, with diversification set to once again play a pivotal part in its growth aspirations.

AGT’s sales have continued to climb over the last few years, hitting $1.36 billion last year from $1.1 billion during 2013. This has enabled the firm to make a big capital investment in Minot, N.D., where it constructed a pulse-processing plant about a year ago.

Capacity at the plant is set to multiply this year with the addition of a $10-million “modification line,” which will “neutralize the flavour profile of pulse flours” to boost sales and inclusion in other food products.

Should that prove to be a success, the Minot plant will likely see more funds – to the tune of a further $10 million – headed its way in 2016, but Al-Katib was keen to stress that developments in Canada remain its focus.

“I’ve said we’re going to build a durum wheat-milling business in Canada. It’s part of our future,” he added.

What is Successful Investing? Learn more here>>

Download Our Free Special Report – How to Hunt For Value Stocks. Michael Sprung will share with you 5 stocks set for long-term gains here>>

We believe that successful investors focus on the quality of the assets they buy. Speculators focus on guessing the future prices. Like to learn more? Please contact us here>>

The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.

Stockwatch – Alliance Grain Traders Now Known As AGT Food and Ingredients Inc.

Stockwatch – Alliance Grain Traders Inc. will now trade under the name AGT Food and Ingredients Inc. (TSE:AGT, Mkt cap 565.57M, P/E 30.95, Div/yield 0.15/2.14, EPS 0.90, Shares 20.20M) the Regina-based pulse crop processing and marketing company has announced.

The company said the name change better reflects its business focus and strategy to its shareholders, customers and stakeholders.

Stockwatch Alliance Grain Traders Inc AGT Food and Ingredients Inc.

Stockwatch – Alliance Grain Traders Inc. will now trade under the name AGT Food and Ingredients Inc.

Murad Al-Katib, president and CEO of AGT, said the move is a “significant event” for the company, which is headed in the direction of food ingredients and retail packaged foods. Al-Katib added that the shift in focus complements AGT’s “legacy business in pulses and staple foods processing, exporting and merchandising.”

The company’s new Minot facility and partnerships with Ingredion and Cargill meant that AGT felt its previous name no longer truly represented the company’s commercial capacity, as it strives to move up the value chain from being a commodity processor and exporter to a food ingredient producer and supplier.

Al-Katib added that the re-branding initiative will help AGT ensure that its customers all over the world will “recognise AGT Food and Ingredients Inc. is a processor of value-added pulses, staple foods and ingredients for export and domestic markets, as well as a supplier of retail packaged and canned foods to retail and food service sectors.”

AGT produces a full range of pulses and specialty crops, including lentils, peas, chickpeas, beans and canary seed, as well as food ingredients, such as pulse flours, proteins, starches and fibres. Through its subsidiaries in Turkey, the Arbel Group, AGT also produces staple foods, such as Arbella Pasta, rice and milled wheat products, including bulgur and semolina.

Stockwatch – AGT Food and Ingredients’ net income grew year over year last quarter from a loss of $0.15 per share to a gain of $0.64.

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The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.