Second Wind Capital is a value oriented investment service with a strong recent track record of exceptional outperformance. The potential Qualified Purchases shown, in this report have not been reviewed toconfirm, Online purchase with processed valid payment, Products not included in offer: HumiChar, PGF Complete 16-4-8, Super Juice, Dirt Booster Plus, Moonshine Gold, GreenShocker. EBITDA of $340 million (through June 30, 2021). If we think about valuation and debt, this deal brings its total pro-forma long term debt to Adj. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. The most lucrative majors? There are six parcels of land adjacent to the new South Toledo property that are owned by individual Anderson family members. Open Non-EDGAR filing submitted by "insiders" prior to intended sale of restricted stock in XLS file. Sign up here. Statement of changes in beneficial ownership of securities: May 8, 2023: . LTG ceased to exist on that date and its operations now operate entirely as The . The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The 2021/ 2022 cycle is also very strong and the company is generating outsized profit. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. To report a factual error in this article. Per CEO, Pat Bowe, the strong trading backdrop for the second half 2021 is firmly in place and the outlook for FY 2022 is favorable. Recognising that all businesses are different, Andersons advisors tailor their advice to their clients needs. Zaslavs substantial compensation package has been used as a cudgel by Hollywood scribes during the Writers Guild of America strike. On August 16, 2021, the company sold its railcar business for a 10.2X multiple and net proceeds will be used to pay down long term debt. Im always afraid Ill miss something, he said. My regular readers might recall that the last time I wrote about an agricultural commodity stock was back on March 14, 2021, when I called CVR Partners, LP (UAN) My Best Current Commodity Idea. The option price paid for the pond and additional acreage on Holland-Sylvania Road was one dollar. The company stood up a vegetable oil trading business last year and they want to be a big supplier. [24], LTG was ranked #68 on Forbes 2016 list of Americas Largest Private Companies, with revenue of $5.6 billion for its 2015 fiscal year and over 500 full-time employees.[4]. Moreover, the company has done a great job of growing its co-product revenues in the ethanol business. I have an undergraduate degree in Finance (UMass Amherst) and earned an MBA (Babson College). Open Quarterly report which provides a continuing view of a company's financial position in HTML. [20][21], On October 15th, 2018, The Andersons announced that it would acquire 100% of LTG by purchasing the remaining 67.5% interest in the company for $305 million (a valuation of $450 million). The Andersons is an essential agribusiness with diverse interests in the commodity merchandising, renewables, and nutrient & industrial sectors. Discovery may reconsider the layoff of Tabesh, who has maintained the channels focus and elegant atmosphere over the years, according to two people familiar with the discussions who were not authorized to discuss internal personnel matters. Andersons (NASDAQ:ANDE) Has Affirmed Its Dividend Of $0.185. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Most of the South Toledo property that was originally the Anderson family farm will become part of the Metroparks Toledo system sooner than anticipated, the company and the park district announced. (Source: The Andersons, Inc. August 17th slide deck). report on analyst forecasts for the company. We can see that Andersons does have institutional investors; and they hold a good portion of the company's stock. Open An annual report of employee stock purchase, savings and similar plans in DOC file. EBITDA of $340 million (through June 30, 2021). First Quarter Highlights: Company reported net income attributable to The Andersons from continuing operations of $6.1 million, or $0.18 per diluted share We value team members who are focused on learning, enjoy being part of a team and know there is no substitute for hard work. Our clients include farmer-controlled businesses, manufacturers . We have each spent time talking to David, separately and together, and its clear that TCM and classic cinema are very important to him, they said. Enclosed below you can see The Andersons owns grain elevators and physical storage assets located in mostly the farming belt and in Canada. Still, it might be worth checking if those insiders have been selling. The Andersons name is synonymous with high-quality, impartial, independent advice to the agricultural and horticultural sectors. EBITDA is only 5.6X. In 2021, through September 30th, the total return of the portfolio is +89%.. Lansing Trade Group, LLC (abbreviated as LTG) was one of the largest independently owned physical trading companies in North America, dealing in grain and energy products, at one point approaching $10 billion in annual revenue.On January 2, 2019, The Andersons announced that it had completed its acquisition of LTG. Open Report of unscheduled material events or corporate event in XBLR Viewer. Some cycles are more favorable than others and the first half 2021 has been a great backdrop for trading. We take calculated risks to build and grow businesses that create value for our stakeholders. LTG expanded its international presence with the move, including opening offices in Germany, Vancouver, and Singapore, and hiring Vitol's former Global Head of Agriculture. The 18 best stores to find Midcentury Modern furniture in L.A. Don Lemon hints at his gripes with CNN in his first interview since his firing, Fox News revamps prime-time lineup after Tucker Carlson ouster and ratings drop, Spider-Man: Across the Spider-Verse returns to the top of the box office in Week 4, Newsom and lawmakers cut a grand deal for Hollywood: Refundable tax credit and new set safety rules. The Andersons, Inc. was founded in 1947 and is a physical agricultural commodities trading firm that utilizes its logistics, storage, and merchandising assets and know how to arbitrage differences between the futures and local physical markets (referred to as 'basis'). EBITDA selling valuation, and this goes a long way to shoring up the balance sheet and improving the turns of leverage, which should, eventually, led to the equity re-rating. The insiders have a meaningful stake worth US$65m. Tight old crop corn supplies and plant maintenance shutdowns are expected to slow industry production through the third quarter. EBITDA in 2022 (as ANDE's management set that $300 million TTM target in 2017) and here is management's response: Source: The Andersons, Inc. Q2 FY 2021 Conference Call. Criterion filled the void by launching its own service, the Criterion Channel. Moreover, as I expressed multiple times, throughout this piece, if you understand the nuances of how working capital balances can swing, with higher underlying commodities and based on the sheer number of arbitrage situations, you can't lump in short term debt when you calculate an enterprise value. The company has apologized, calling the move a mistake that will be corrected. Andersons has a market capitalization of US$1.3b, so we would expect some institutional investors to have noticed the stock. E-mail: hostmaster@andersonsinc.com. Andersons has a market capitalization of US$868m, so we would expect some institutional investors to have noticed the stock. MAUMEE, Ohio, Oct. 15, 2018 / PRNewswire / -- The Andersons, Inc. (Nasdaq: ANDE) announced today that it has entered into a merger agreement with Lansing Trade Group, LLC, its long-time affiliate, to acquire the 67.5% of Lansing equity that it does not already own for cash and stock currently valued at a total of approximately $305 million . This article by Simply Wall St is general in nature. We aim to bring you long-term focused analysis driven by fundamental data. The definition of company insiders can be subjective and does vary between jurisdictions. As for fertilizer business, this too is cyclical and can have good and bad periods and therefore EBITDA margins and volumes can vary. On January 2, 2019, The Andersons announced that it had completed its acquisition of LTG. For more information, please visit . Idea generation, value investing, small caps and under the radar stocks. (Chris Pizzello / Invision / Associated Press), Do Not Sell or Share My Personal Information, Can this classic movie channel survive in a streaming world? I spent five years on the buy side in investment grade bonds on a team that managed $50 billion of assets, 3.5 years as an energy credit analyst for an energy company, and had multiple stints in corporate finance, most recently as a strategic financial analyst. That interest was previously owned by New Hope, Macquarie Bank and Employees. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. We did some more digging and found that 10 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. Check out our latest analysis for Andersons. Open Statement of changes in beneficial ownership of securities in DOC file. The Andersons name is synonymous with high-quality, impartial, independent advice to the agricultural and horticultural sectors. Get in touch with us directly. | May 20, 2023 Discovery infuriated Hollywood talent by lumping directors, writers and producers into a single generic category labeled creators within the credits of shows and movies on Max. Have feedback on this article? Simply Wall St has no position in any stocks mentioned. Open Report of unscheduled material events or corporate event in HTML. Is there a better way? This was shortly after Vitol decided to make steps to focus on its core business, which involved shedding it agriculture unit. Its loyal viewers include some of the top directors in the business, Steven Spielberg, Paul Thomas Anderson, Martin Scorsese and Francis Ford Coppola, among them. This may not be consistent with full year annual report figures. Meanwhile, the second and third largest shareholders, hold 11% and 7.0%, of the shares outstanding, respectively. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. As well as working for farmers, our industry knowledge makes us uniquely placed to advise businesses throughout the food and agriculture sector. Looks like another solid quarter that ande delivered, and with corns, soybeans and wheat now having carry in the futures market, it should provide even greater earnings potential. If you want to know who really controls The Andersons, Inc. ( NASDAQ:ANDE ), then you'll have to look at the makeup of. Our data reflects individual insiders, capturing board members at the very least. So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. US CAN INTL Andersons agrees you shall retain ownership rights to Affiliate's Posts and it hereby grant Andersons the perpetual, worldwide, royalty-free right and license to publish, copy, re-post, link to, or otherwise use Affiliate's Posts, Social Platform handle, name, and image and likeness, as depicted in a Post, in whole or in part, for any . While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. I generally like to see some degree of insider ownership, even if only a little. View Management Andersons Ownership Who are the major shareholders and have insiders been buying or selling? Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. Appellant, plaintiff below, S and A Property Investment Services, LLC ("Taxpayer"), appeals an April 26, 2022 final summary judgment entered in favor of appellees, defendants below, Pedro J. Garcia, the Miami-Dade County Property Appraiser ("Property Appraiser") and Jim Zingale, executive director of the Florida Department of Revenue. We are committed to always giving our best and pursuing the greatest positive impact. Open Official notification to shareholders of matters to be brought to a vote ("Proxy") in DOC file. CEO, Pat Bowe, discussed this on the Q2 FY 2021 call. Select the filing type and date range you wish to view from the drop-down menus below. [3] LTG ceased to exist on that date and its operations now operate entirely as The Andersons. Management ultimately answers to the board. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. Mayer Amschel Rothschild was born in 1744 in the Judengasse, one of eight children of Amschel Moses Rothschild (d. 1755) and his wife Schnche Rothschild (ne Lechnich, d. 1756). If not, it could be the loss of the last, tiny, perfect remnant of civilization that we have left., Vincent Alexander, an animator, wrote on Twitter: TCM is not just the best thing on TV, its so important for the preservation of classic films. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors. The Andersons owns five ethanol plants across the Midwest, which are capable of producing a combined 550 million gallons of ethanol and 1.4 million tons . Moreover, with a strong fall harvest, more physical supply is also good for The Andersons, Inc. (*The railcar business was sold on August 16, 2021 and I will discuss this later in the piece.). Open Official notification to shareholders of matters to be brought to a vote ("Proxy") in XBLR file. EBITDA power for each segment, from 2016 - TTM 2021. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Anti-Corruption, Anti-Bribery Compliance Policy, Non-EDGAR filing submitted by "insiders" prior to intended sale of restricted stock, An annual report of employee stock purchase, savings and similar plans, Report of unscheduled material events or corporate event, Statement of changes in beneficial ownership of securities, Quarterly report which provides a continuing view of a company's financial position, Official notification to shareholders of matters to be brought to a vote ("Proxy").
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