Investment thesis
AG Growth International (AGGZF, TSX:AFN) (“AGI”) delivered double-digit top and bottom lines growth in its Q3 2018 earnings. However, the company's SG&A expenses increased significantly from a year ago. The increase will help support its growth and marketing initiatives. Its outlook remains favorable, with significant growth in its backlog from last year. The company continues to trade at a discount to its peers. Its 4%-yielding dividend is attractive. We believe AGI is a good investment choice for investors with a long-term investment horizon.
(Source: YCharts)