At first blush, Amira Nature Foods (ANFI) looks as though it may offer investors two relatively rare opportunities - a direct investment in India and an investment in a relatively early-stage food brand. While there are abundant risks with this name, this is also an uncommon opportunity. Investors may benefit not only from the rising consumer income levels in emerging markets, but also a food company that is at a point in its lifecycle where both revenue growth and margin leverage are up for grabs.
Not All Rice Is Created Equal...
Amira is built around rice, with about 70% of the company's revenue coming from the sale of basmati rice and a further 20% coming from non-basmati rice....