Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Alamo Group Plowing Ahead On Agriculture, Infrastructure Demand

Demand for products and services in the agriculture, government and industrial sectors has helped Alamo Group Inc. (NYSE:ALG) jump since closing at the end of 2012 at $32.64. Since then the company has surged to a 52-week high of $44.13, although it has dropped back to move in a range of about $40.00 to $41.00 per share over the last month.

The fundamentals remain in place for the equipment manufacturer and distributor to continue to grow for the rest of 2013, and 2014 looks pretty good as well, although not as convincing as the rest of this year.

One of the major challenges Alamo Group faces is it sells mostly to mature markets, with North America, England, France,...

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