ArmorGroup International: Asia Times Wrong About Stock Price and Valuation

This article on ArmorGroup International (AMGPF.PK) in the Asia Times is accurate, IMHO. The exception is when the author writes about the company's stock price and valuation:

From a financial viewpoint, ArmorGroup can be seen as a good deal. At the time of the contract announcement its stock was the equivalent of $1.03 per share, just below the net tangible asset value of $1.06 per share, and well below the stated book value of $1.47. Its dividend yield is more than 4%.

That's wrong. The deal the author refers to is an extension of a contract in Afghanistan announced earlier this month. The stock price, net tangible asset value, stated book value and dividend yield mentioned were true when I recommended the stock last September. But they have not been the case for all of 2007, much less at the time of the contract announcement.