Tuesday, April 3, 2018

Amira Nature Foods is trading at 0.5 book value while ROIC is at 10.7% with a WACC of 7.5%.
Stock over punished due to size, domicile, dark IR, small free float and scarcity of rice-company comparable.
Limited downside using modified net-net of 39% to $2.50 per share.
The controlling shareholder/CEO is aligned to minority shareholders.
I recommend buying ANFI with a target price of $11, offering 168% upside.

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