AGX - Argan: Vindication For The Bull Case Is Just Around The Corner
In my last Argan (AGX) article on Sept. 17, 2018, I talked about how the company had about $1.5 billion of orders on the way and just waited for a typical official confirmation before they made the announcement. And addressing the market's worry about Argan's future margins, I gave two conservative estimates about the value of the stock:
Assuming a conservative 10x multiple on these earnings, the implied valuation range is about $42-$64 per share. Add about $23 per share that the company has in cash and short-term investments and the value