Don, I have been invested in AGRPA/AGRPB since April 1997, during which time I believe relatively few funds have have been involved with this stock and even fewer institutions have followed it. Little is known about the company and, as a result, the stock trades at a significant discount to the value of its portfolio. I believe the reason the stock has been trading at such a discount is the failure of management to disseminate breaking news effectively, coupled with their laid back style. However, these problems can be addressed if management is so inclined.
I am hopeful that the recent gains by T, TGNT, LMG.A and LMG.B, the stock of which comprises the bulk of ARGRP's portfolio, coupled with some favorable news with respect to TruePosition, will soon impact this stock and move it to new highs.
Today was a good day, both in terms of movement and volume, and we are approaching the old highs. Hope it continues.
Good luck. |
