Tuesday, July 5, 2016

Dane Capital Management article on Agrofresh


Catalysts for a higher share price:

Shares of AgroFresh were pummelled last fall when the company missed numbers owing to a weak North American Apple harvest.

Preliminary Apple forecasts released this week suggest 8% y/y crop growth this year.

Better apple production, coupled with the growth of Harvista and RipeLock should position AGFS to achieve the upper end of guidance.

With shares largely unloved and/or unnoticed, we believe risk/reward is attractive in light of the weather forecast.
Potential catalysts include continued strong weather/crop forecasts, the naming of a new CEO, and the resumption, in earnest of the company's buyback.

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