The Upshot Because of this wide variance in potential outcomes, for me, Argan entails too much uncertainty to take a sizable position, in percentage terms, as part of a portfolio. However, I do believe that it would serve well as a small position in a basket approach which attempts to buy statistically cheap stocks in the hopes that the market is overly discounting said stocks relative to their future prospects. In fact, this is what I am doing with Argan. Riding alongside insiders who have a significant stake in the company's success together with the existence of a debt-free balance sheet which offers the prospect to navigate through tough times - this to me justifies taking exposure in what looks to be a possibly obscenely cheap opportunity, even if the opportunity doesn't merit taking a large position due to the risk and uncertainty.