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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I have a question. I hold AGT in my TSFA at a price of $31.50/share. My question is how is it legal for the management to be involved in buying out the shares of the company at $18.00 [much lower than when most of us bought in] when they are the ones who were in charge?
I could see a takeover by a group who thinks the shares are undervalued, but how can management be involved? They could have drove down the price through management decisions so they could buy it at a ‘sale’ price and take it private. That’s what it looks like to me.
I am surprised I haven’t heard of a class action lawsuit about this.
Read Answer Asked by Doug on January 16, 2019
Q: As AGT trades further below the offer price, does it become a potential buy? It seems unlikely that the $18 offer will meet with positive response from majority of shareholders (unless of course share price somehow drops below $14 or so in the mean time).
What are the odds, do you think, of a higher offer if the first one fails?
Any chance the offer isn't genuine and just intended to support the share price until financials improve?
Read Answer Asked by Peter on December 27, 2018
Q: G'Day All,
The recently announced deal whereby Fairfax, Agt, and native groups will buy the Churchill rail line and, as I understand it, some of the port facilities as well, seems positive for AGT. Owning their own deep water port would seem like a plus. Looking to see if your commentary has changed at all subsequent to this deal, (assuming it actually does get finalised).
Thanks
Read Answer Asked by Robert on June 27, 2018
Q: With the 2017 earnings report out and the stock price at $16.240, do you still have a wait and see approach to this company?

Does the quote from the latest press release, listed below, indicate that the worse is over for AGT?

We believe that the challenges of the past quarters will begin to ease as the effects of governmental interventions and market corrections subside and markets find their new balance as a new crop season begins, with India’s current harvest and the upcoming Turkish harvest in May 2018. While AGT cannot control the timing of a market recovery, we expect a gradual recovery, with respect to volumes and prices and with them margins and earnings, to continue over the coming periods through 2018 with North American harvest and into 2019
Read Answer Asked by David on March 22, 2018
Q: AGT appears to be in a freefall for the last week or so and in particular today March 5th. Is there a particular fundamental issue at play ? Is it nearing a " value play " point of inflection ? It would seem that the food space and in particular the protein alternative space is not that crowded and this company has traded for more than twice the current values. Your thoughts and observations would be appreciated. Thanks.
Read Answer Asked by Jack on March 05, 2018
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