Aimco Pesticides is one of those small set of micro-caps that i like at the CMP and every decline. The company has proved its credentials by coming out of BIFR successfully and has grown its balance sheet and P&L quite well and all by internal accruals. The company recently completed its expansion without addition of any debt. The management has proved itself by achieving these feats and this is one of those rarest of rare companies in the field of agrochemicals which is completely debt-free and is swelling its cash balance consistently – no wonder it has great return ratios too.
Technically, the stock is turning around from the important support levels and forming price patterns that has ability to generates strong returns (similar patterns were observed during the last upmove too). The stock has also started making higher tops and higher bottoms and also broken is downward trend-line and more importantly its has shown strong divergence on momentum indicators on weekly charts indicating the bottom is made and is now ready to move up.
I think the above mentioned credentials make it one worthy investment candidate that should be research well and in depth.
God Bless !!!