TSX:AFNMachinery
Ag Growth International (TSX:AFN) Stock Grapples With Margin Squeeze And Debt Risk
Ag Growth International stock has been grinding lower for months, with the share price down roughly one third over the past 90 days and closing at CA$13.43 on July 31. The market is clearly focused on the near term pain. The headline from Q2 is a sharp profit squeeze. Adjusted EBITDA fell 20% to CA$43 million and the margin slid to 13.4% as the commercial agribusiness side weakened.
Short term traders see a pressured quarter. Longer term investors are now weighing that margin pressure against...