Mike the PhD

Lindsay: Drought Leading To Explosive Sales Growth

Lindsay Corp (NYSE:LNN) is a provider of water management (irrigation) and road infrastructure products and services with a market cap just under $1B, and a ttm P/E ratio of ~15.9. This article discusses why I think the company is a good investment currently, and what external factors are behind the company's outstanding sales growth over the last few years.

Lindsay Corp's products are primarily used as agricultural equipment. If you have ever driven past a large farm field (or flown over one), you may have noticed the enormous spray rigs in the field that connect to a central point and then spray water over an acre or more of land. These spray rigs are generally a Lindsay Corp....

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