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On October 23, 2019, we wrote an article entitled, Argan (AGX): A Natural Acquisition Target (to see the article click here). This is a brief follow-up article to our overall thesis that Argan is undervalued and a perfect acquisition target. We shall also look to go beyond the numbers of the 4th quarter as reported on Wednesday, April 10th.
Thesis
In this article, we will look at Argan's highlights from the quarter- and year-end filed on 4/10/2019. After listing these highlights, and expanding on Argan's backlog (a key metric in valuing