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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Jibacoa who wrote (12147)10/10/2005 11:29:58 AM
From: Sergio H  Read Replies (1) of 23958
 
Bernard, ARGN has sold off and is testing support. I think that investors are worried that its customer base is the SUV market. ARGN targeted the upscale automotive market which included the SUV market, but most of their sales have been for sedans including Cadillac, Lincoln and some Toyota models.

ARGN is also in the alternative fuel business with a contract with the govt. for a system that converts engine heat to electricity. Although the stock has moved up considerably, valuations are reasonble. Forward PE estimates are in the low 20s resulting in a PEG ratio below 1.
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