Investors were advised to stay away from the IPO of Amira Nature Foods (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.
Amira has been in business since 1915. Today the company is headed...
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