I've been pretty bullish on Amira Nature Foods (ANFI) over the past 18 months (writing here and here),
and the shares have definitely not been dull. While the company has
posted very strong year-over-year revenue growth, backed with
double-digit growth in volume and pricing, Amira has yet to convince
everyone that this is a sustainable growth story. If the short interest
reported on the Yahoo! Finance page for Amira is accurate, this is going
to be a wild stock into earnings later this month. Leaving aside the
near-term pyrotechnics, I don't see as much long-term value in the
shares but short-term EV/EBITDA could offer more support to those
looking for growth stories in the food sector.
Follow this link for more:
Even With A Pullback, Amira Nature Foods Not A Value Story
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