Activist Stocks
Long/short equity, deep value, special situations, growth

Amira Nature Foods: The Short-Covering Is Just Getting Started

Investors were advised to stay away from the IPO of Amira Nature Foods (NYSE:ANFI) due to concerns over its ownership structure. The company priced 9 million shares at $10 last October and proceeded to drop right out of the gate. The stock fell to a low of $6.25 over the next few months. Now the company is making a strong rebound on the back of a solid earnings report and is rapidly approaching $9 per share. We think the company has hit an inflection point and has further room to run on the back of short covering and robust growth opportunities.

(click to enlarge)

Overview

Amira has been in business since 1915. Today the company is headed by...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details