Why ArmorGroup Remains a Bargain

You might recall that I bought ArmorGroup International (ARG/LN or AMGPF/OTC) in September 2006. The shares were trading just below net tangible asset value at the time. The stock subsequently rose -- almost doubling in price in USD terms.

But it has since fallen back -- way back where it was when I bought it (give or take a few cents depending on each day's close).

That's no fun. Yet we're only a year or so into this. And ArmorGroup remains a bargain -- because the shares are again trading just under net tangible asset value.

So I'd buy it now if I didn't already own it.

Should you? Only you can decide that. Just be sure you know the risks involved before jumping in.

UK blogger Rouge Analyst also has money in ArmorGroup. And you can see why he's hanging onto his shares here.