Best Defensive Companies To Buy Right Now: Amira Nature Foods Ltd (ANFI)
Amira Nature Foods Ltd., incorporated on February 20, 2012, is a provider of packaged Indian specialty rice, with sales in over 40 countries. It generates the majority of its revenue through the sale of Basmati rice, a long-grain rice grown only in certain regions of the Indian sub-continent. The Company sells its products, primarily in emerging markets, through a distribution network. It sells its Amira brand in more than 25 countries. The Company sells its Amira branded products to Indian retailers such as Bharti Wal-Mart, Big Bazaar, Metro Cash & Carry, Spar, Spencer's Retail, Star Bazaar (Tesco in India) and Total and retailers, such as Carrefour, Costco, Jetro Restaurant Depot, Lulu's and Smart & Final, and through the foodservice channel. It participates across the entire rice supply chain from the procurement of paddy to its storage, aging, processing into rice, packaging, distribution and marketing. In June 2013, the Company announced that it has launched Amira bra nded products in the United Kingdom. In January 2014, Amira Nature Foods Ltd acquired Basmati Rice GmbH.
The Company operates an automated and integrated processing and milling facility that is located in the vicinity of the key Basmati rice paddy producing regions of northern India. The facility spans a covered area of 310,221 square feet, with a processing capacity of 24 metric tons of paddy per hour. During the year ended March 31, 2012, 34% of its revenue was derived from sales in India, and 50.3% was derived from sales in the Europe, Middle East and Africa region, or EMEA, 14.3% was derived from sales in the Asia Pacific region, and 1.4% was derived from sales in North America.Advisors' Opinion:
- [By Jeremy Bowman]
What: Shares of Amira Nature Foods (NYSE: ANFI ) were looking rotten today, falling as much as 12% after reporting earnings this morning.
- [By Garrett Cook]!
Amira Nature Foods (NYSE: ANFI) shares shot up 12.76 percent to $14.67 after the company reported better-than-expected fourth-quarter earnings.
Shares of Global Eagle Entertainment (NASDAQ: ENT) got a boost, shooting up 10.38 percent to $12.12 after the company and Boeing (NYSE: BA) announced a satellite connectivity partnership.
- [By Jeremy Bowman]
What:Shares ofAmira Nature Foods (NYSE: ANFI ) were looking healthier today, gaining as much as 11% after the company named a new chief financial officer last night.
- [By Tom Bishop]
Steve Halpern: One of your recent recommendations is a company that, really, was probably unknown to most investors. It's called Amira Nature Foods (ANFI) , which is a maker of premium rice. Can you tell us briefly about that?
source from Top Penny Stocks For 2015:http://www.topstocksforum.com/best-defensive-companies-to-buy-right-now.html