STOCKCHASE

Will this be affected as farmers are allowed to market wheat through other means than the Wheat Board? People in the pulse market already have those options, however there is value in the distribution whether it is grain, pulses or other agriculture products. This is one of the world leaders in pulse distribution.

2012-04-27

Comment

13.390

Jaime Carrasco

Will this company be affected positively as farmers are allowed to market wheat through other means than the Wheat Board? This company is not in wheat, they are in lentils, which is a very specific market. There are issues with the Indian production.

2012-04-27

BUY

12.770

Michael Simpson, CFA

(Market Call Minute.) Had a bad quarter earnings should improve.

2012-04-12

PAST TOP PICK

15.320

(Top Pick Mar 3/11, Down 48.19%) Have had the perfect storm. Faced floods, fires, and unsettled conditions. They had foreign exchange losses in the recent results which where disappointing anyway. All of these things went wrong in a very tight manor and going forward they think things will be more normal. Would prove to be a good buy if they get back to $2 a share over the next couple of years.

2012-03-27

TOP PICK

15.000

(Top Pick Mar 3/11, Down 48.26%) He has kept close tabs on this company. Suffered a lot as of late. Most of exports to UAE – portion of that going to Iran have not been paid for. They are insured up to 90% of their shipments. So he thinks market is not giving them credit for that. They have expanded operations over the last year in Turkey and the US.

2012-02-21

HOLD

17.670

Jaime Carrasco

His concern is the level of debt. Made some acquisitions that were funded by debt. It will be a while before the acquisition is accretive to carry the debt. Target of $19.

2012-02-10

TOP PICK

19.250

One of the world's leaders in dealing with canola, soybeans, lentils growing demand. Have facilities globally positioned so are well-positioned to take advantage of global demand. Good long-term company.

2011-12-19

TOP PICK

20.580

Jeff Parent B. Eng. FCSI

Has fallen down but has very strong support at $20. Use a stop loss of $19. (Hasn't bought yet.)

2011-12-02

WAIT

21.550

Prakash Hariharan

Bought a company in Turkey and consolidated it. Now they are making more acquisitions. Markets have been paying up for them for a long time. It has held well in an unsteady market. But stay away until he sees how the integration plays out. See it steady for a couple of quarters.

2011-10-28

TOP PICK

21.940

One of the global leaders in the pulse crops such as lentils, chickpeas, etc, which are in large demand in Asia and Europe and growing demand in North America. Earnings used to be close to $3 but last year was $1 because of floods, natural disasters, poor crops and slackening demand. Expects a reversion to more normal conditions with earnings above $2.50. Good balance sheet.

2011-04-19

WATCH

23.460

Likes management but they are fighting some tough problems. Got hit with weather last year in Saskatchewan, their main growing area. This year farmers don’t look like they are going to plant as big a crop of lentils and pulse crops, which would hurt them on volume. May take a couple of quarters to get through the difficulties.

2011-04-13

TOP PICK

29.850

Have global operations. One of the primary distributors of pulp food such as soy beans chickpeas, peas, etc. where there is a growing demand. Trading at a very reasonable multiple of about 10X forward earnings and he thinks they should earn around $2.90 in the next year and $3-$3.25 the following year.

2011-03-03

PAST TOP PICK

30.590

(A Top Pick Feb 23/10. Down 11.09%.) Still likes.

2011-02-01

BUY

28.670

Michael Simpson, CFA

Processes lentils and beans and now getting involved in rice. Have a great Turkish partner

2010-12-02

BUY

29.110

Split peas, lentils and diversified into rice. Have done quite a few acquisitions. Quality is sorted by colour and they have put in optical sorting lines. Building a very good, solid long-term business.

2010-10-04

PAST TOP PICK

28.090

(A Top Pick Aug 26/09. Up 31.8%.)

2010-09-24

HOLD

28.470

Have had 2 soft quarters in terms of margins and is looking to see the next quarter. It should come back, but there are weather issues, margin issues and supply/demand issues. Terrific long-term company.

2010-08-26

PAST TOP PICK

29.260

(A Top Pick Sept 16/09. Up 32.65%.) Still Likes.

2010-08-16

PAST TOP PICK

32.410

(Top Pick Aug 26/09, Up 50%) Can go much higher if you take a long-term view. Becoming a world leader in this field.

2010-07-29

PAST TOP PICK

30.580

(Top Pick Sep 16/09, Up 45%) Continues to like. Strong management team. Company continues to execute. Thinly traded. Recently added to in the market sell-off

2010-05-11

HOLD

34.500

Management has done a brilliant job of building the company. Believe they will expand the number of products and the range of markets they are in. Believes it will become a takeover candidate. Expect some upside but wouldn't rush out and Buy.

2010-03-08

SELL

34.500

Prakash Hariharan

Took profits. Was a great name last year. Had such a big run that a lot of growth is priced in. Not geared to growing dividends.

2010-03-01

TOP PICK

34.940

Brilliant. Started in the basement of a house. Moving into a commanding positioning the world. Pay dividends. Multiple of earnings is reasonable.

2010-02-23

PAST TOP PICK

28.220

(A Top Pick Sept 16/09. Up 28.43%.) Still a buy. Trading at 8X multiple.

2009-12-16

BUY

26.500

Allan Jacobs

Lentils. Well managed. Recently made a big acquisition in Turkey. Very high growth.

2009-11-24

BUY

19.250

Colin Stewart

Over time this company will do very well. Just made a very large acquisition in Turkey and will have very interesting synergies. Bullish on agriculture. Low valuation.

2009-10-08

TOP PICK

21.150

(Just converted to a corp. and new ticker is going to be AGT.) Should be able to maintain 2.5% yield. Just acquired a Turkish company. One of the largest pulse crop traders and processors globally. Have about 45% of the lentils market with the potential to expand into rice, chickpeas and other beans.

2009-09-16

TOP PICK

22.100

Is just going through the completion of buying a very large company in Turkey involved in lentils, peas, chickpeas, etc. Excellent management. In the process of changing from a trust to a corporation but will continue to pay dividends.

2009-08-26

TOP PICK

20.700

Large trader in agricultural products. A fragmented business and this is a major corporation in this business. President has persuaded his partners to sell the Turkish company to this company. Big in Australia and have 85 countries around the world that they export to. Cheap.

2009-07-28

BUY on WEAKNESS

20.050

Raised $100 million at 16.5% and those units won't land in people's accounts until Wednesday-Thursday. Acquiring a Turkish group, which is a very good buy. Would be worried about chasing it into the $20's. Try to buy at $18.50.

2009-07-20

BUY

11.390

Jim Huang

One of the biggest traders in agricultural products. Reported with good numbers. If they continue to execute as they have it will have a bright future. Relatively small and illiquid, which limits institutions’ anticipation.

2009-03-27

PAST TOP PICK

14.760

Ryan Irvine

(A Top Pick April 4/08.) 2nd quarter earnings were $.61 per unit for that quarter alone. Thinks they can earn $2 per unit this year, which is well under 10X earnings. Adding more and more production facilities. Still a Buy.

2008-08-20

BUY

13.900

Michael Simpson, CFA

Want to consolidate lentils. Excellent source of proteins. Consumed globally. Excellent backers with a Turkish agriculture firm. Over time, they will grow and continue to consolidate.

2008-08-13

TOP PICK

15.740

Ryan Irvine

Sorter, bagger, processor of pulse crops (lentils, beans, chick peas, etc.) in Saskatchewan. Own 6 sorting facilities in Canada and US and picked up some operations in Australia last year. Tremendous growth opportunity in the lentils market due to the high price of corn. Q1 had record numbers.

2008-06-04

BUY

10.000

A good play in the agricultural sector. This is a lentil and pea trading operation out of Regina. Just brought down some really good earnings.

2008-04-16

BUY

10.000

Sandy McIntyre

Lentils, beans exported into the middle and Far East markets. Under the radar screen, so is cheap.

2008-02-26

TOP PICK

6.460