Over the last year, I have written several articles providing coverage on American Arabian Development Co (ARSD). Since the publication of my first article in February, ARSD's common shares have returned over 70%. This entire time my investment thesis has been based on value as well as growth, and since, it has not changed. My first article articulated several reasons why ARSD was a solid buy given its valuation at the time, and the second article reinforced this thesis through providing a more in depth look at the companies fundamentals and elaborating on its internal growth prospects. Following the release of my second article in June, ARSD's stock price remained fairly stagnant, but the overall health of its business was...
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