Ag Growth International (AFN) jumped 22% after reporting its Q3 results, which beat estimates on continued strength in the commercial segment…

… specifically in Brazil and EMEA. The former is the reason for the gap up…

… as the cause for the filing delay turned out to be nothing sinister (weak internal controls). With AFN’s valuation returning to pre-delay levels…

… a discount to the long-term average should persist until those issues are resolved.

You might be interested in…

Disclaimer: Content on this site, including research reports, is provided by Bullpen Finance Inc. for informational purposes only and does not constitute investment advice. Bullpen Finance Inc. receives compensation from issuers for research coverage; such compensation does not influence opinions expressed. For complete disclosures, please see our Legal & Disclosures section.