Investment Thesis
AG Growth International (AGGZF) (TSX:AFN) (“AGI”) delivered strong Q2 2018 earnings with its top and bottom lines beating consensus estimates. The company should be able to benefit from recent trade tensions thanks to its globalized manufacturing facilities across the 6 continents. Demand in its newly started Brazil manufacturing facility should remain strong as farmers increase infrastructure investment due to anticipated increase of soybean exports to China. The company is currently trading at a discount to its peers and pays an attractive 3.9%-yielding dividend.
Source: Investor Presentation