Bought 40 shares of Viterra Inc (TSE:VT) for $9.45 per share.
About the company:
Viterra Inc. (Viterra) is a Canadian agribusiness organized into five segments: Grain Handling and Marketing, Agri-Products, Food Processing, Feed Products and Financial Products. The Company’s Grain Handling and Marketing segment warehouses grain and oilseeds grown in South Australia in bunkers, silos and grain sheds. The Agri-products operations also include an ownership interest in a nitrogen fertilizer manufacturer and a network of retail locations. Viterra’s Food Processing segment produces semi-finished and finished food ingredients for consumer products companies and food processors worldwide. Viterra’s Feed Products segment processes raw materials into livestock feed, ingredients and nutritional supplements. The Financial Products segment offers financial products to producers in North America, primarily consisting of credit programs to support their on-farm cash flow requirements. On September 23, 2009, Viterra acquired all of ABB Grain Ltd.
Reasoning:
A friend of mine had introduced this company to me and after long discussions about this company’s attractive financials, its recent trend of acquisitions and current strong technicals, I decided to jump in. Not a whole lot, but still a worthwhile mention as its going to be a long-term hold.
Related posts:
- Bought Johnson & Johnson (JNJ) Bought 30 shares of Johnson & Johnson (JNJ) for $62.95 per share. About the company: Johnson & Johnson is engaged in the research and development, manufacture and...
- Bought Intel Corp (NASDAQ:INTC) Bought 18 shares of Intel Corporation for $24.27 per share. About the company: Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology...
