Steve Guenette
Growth at reasonable price, long-term horizon, long/short equity

Argan Inc.: Historic Backlog Coupled With Depressed Valuation Provides Opportunity For 50%+ Return Over Next 2 Years

Argan Inc. (NYSE: AGX) is the holding company of Gemma Power Systems and Southern Maryland Cable, through which Argan conducts operations to serve the power generation and renewable energy markets (through GPS) and telecommunication infrastructure market (through SMC).

Over the past year, shares of the company's stock have climbed an impressive 117.67%, yet, even with prices at all-time highs, I believe there is still substantial upside in Argan shares based on three key points that, together, make up my bullish thesis on the stock.

1. Argan continues to strengthen fundamentally, as the company finally matures to a point at which it can consistently deliver on key financial metrics. Argan's financial posture is likely to continue to strengthen as Argan...

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