(Editor's Note: Investors should be mindful of the risks of transacting in illiquid securities such as ARGGF. Argo Group's UK listing, ARGO.L, also has limited liquidity.)
Argo Group Limited (OTC:ARGGF) is a UK based hedge fund manager specializing in emerging markets with $273m of assets under management spread across 5 funds. The company currently trades 48% below its book value and at PE=7, which is very cheap for an asset manager with recurring revenue stream.
The company is listed in London AIM market (ticker ARGO) with market cap of $15m and average daily volume of 40k. The US OTC listing is illiquid and therefore I would suggest trading this stock on the London exchange.
Due to low market...
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