Filed under: Good news, Technical Analysis, Andersons Inc (ANDE), Stocks to Buy

The Andersons (NASDAQ: ANDE) is a diversified firm, with interests in the U.S. agriculture, transportation and retail markets. Its Grain & Ethanol Group purchases and merchandises grain; operates grain elevator facilities; manages ethanol production facilities; and engages in grain and ethanol trading. The Rail Group buys, sells, leases, rebuilds, and repairs various types of used railcars and rail equipment. The Retail Group offers hardware, plumbing, electrical, and building supplies, as well as specialty foods and wines. The Plant Nutrient and Turf & Specialty Groups formulate fertilizers. The company has operations in ten states and Puerto Rico, plus rail leasing interests in Canada and Mexico.

The firm pleased investors last week, when it boosted its FY08 EPS guidance from $3.65-$4.00 to $4.40-$4.80. Analysts had been looking for $3.79. Management attributed the favorable outlook to the improved performance of the Plant Nutrient Group.

Continue reading The Andersons (ANDE): Price defines bullish ‘flag’ consolidation pattern

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