Investment Thesis
AG Growth International (AGGZF, “AGI”) delivered double-digit top-and bottom-line growth in its Q4 2018 earnings. Its two recently announced acquisitions should strengthen its competitive position, increase its geographic diversification, provide cross-selling opportunities, and enable synergies. The company has also significantly increased its backlog from last year. The company continues to trade at a discount to its peers and it pays an attractive 4%-yielding dividend. We believe AGI is a good investment choice for investors with a long-term investment horizon.
Source: YCharts
Q4 2018 Financial Highlights
AGI reported another solid quarter of