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Argan, Inc. (AGX)
NYSE - NYSE Preço Adiado. Moeda em USD.
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8 reações sobre conversas do $AGX
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Great article on AGX valuation by Dvid Wu on seeking alpha Argan Has Terrific Fundamentals And Significant Upside
I think the decline in $AGX has been a bit of an overreaction. And there are two things I like about $AGX: It carries a 2.2% dividend yield, and it is debt-free.
$AGX short information
The increase in electric cars is leading to increased need for electric power generation. Also, decreased use of nuclear energy is leading to increased need for natural gas-based electric power generation facilities. Plus, it takes the equivalent of 4 years of energy in order to manufacture a photovoltaic cell panel. This is why AGX backlog is up and why AGX will continue to grow.
Jayme, You are correct AGX is a holding company. Essentially Gemma Power Systems is the subsidiary that counts for almost all the profits. In addition to the subs AGX has $34 in cash. The main thing I am drawn to is the business Gemma is in and my expectation for growth. Yesterday I read 2 articles that bolster this position. First there was an article about investments in west Texas oil drilling that Blackstone (BX) was investing in pipelines. The article stated that about 50% of the production is natural gas. The price of natural gas is down 13% yoy according to the article. The second article was one about the 3 mile island nuclear plant in Pa. It talked about the near meltdown in 1979 and that now due to competition from new natural gas fired plants, 3 mile island needs either a bailout from Pa. or to be shut down. Gemma has already completed nat gas powered plants in Pa. and is expanding. I predict that this type of electric energy production is here to stay. As for insider sales I think when you get paid in restricted company stock for many years, it is advisable to diversify your holdings when the time comes that you are vested in the shares or options.
the market is just stupid right now, many expecting a large upswing in june when big buyers have to buy or sit on their hands the rest of the year
There have been very few posts on this board. I would like to get the ball rolling. Hopefully we can learn something. I am trying to figure out what is behind the 15% selloff in AGX? AGX has a market cap of about $950mm, cash of $523mm ($34/share), no debt, 1.1% dividend with a 15% payout ratio and they just announced a new project in the UK. The p/e sits at 13.8. Looks extremely cheap to me vs the market. Does anyone know why it is down 15%?
I spent the weekend reading the 10K. It is the legal structure that it misleading. AGX has no assets or operations other than the subsidiaries. This company is structured as a holding company. I was originally attracted to the low enterprise value relative to its EBITDA...roughly 3.6x. What turned me away is the heavy insider selling at prices not much higher than the current price. And there has been no insider buying of the stock. The asymmetric information signaling with respect to insider transactions is so overriding of every other analysis one can bring to the table. I'll pass.
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