Investment Thesis
AG Growth International (AGGZF) (TSX:AFN) is a leading Canadian manufacturer of agricultural equipment. The company sells its equipment worldwide and has production capacities in Canada, the United States, Brazil and South Africa. The company’s outlook has improved considerably lately. After a slow 2016, demand for its equipment in the United States has recovered in 2017 and is expected to remain strong in 2018. Internationally, the company’s backlog has also increased by double-digits in its latest quarterly report (Q3 2017). In addition, following the completion of its production capacity in Brazil, the