I agree. Maybe the concensus means we are all wrong. Pretty good report overall. Earnings up almost double from last year and revenues were up 30%. Looks like annual earnings will be up 50% and revenues will be up 20%. A multiple of 20 or better is not out of line for that kind of growth. Only question is, can they maintain that performance?
If the past is any indication of the future, I believe that they can. Looking at charts for TNH and AGU, their most stellar growth in PPS occured when the stock ran from $30 to $100/share. To increase output on less arable land worldwide = AVD is a winner long term.