The last big shakeout a couple months ago in A-shares was approx 10% or so. AGF at 120 it now seems there is approx 20% discount to asset value built-in allowing for the next one. However A-shares are still the fastest climbing market in the world and on track (50% so far) to be best performer for '07. At it's high AGF had a 20% premium to assets built-in just to be part of the ride. To me AGF is a risky but possibly high reward stock, however it seems to be at the bottom of it's trading range based on where the A-Share market is allowing plenty safety net for a big drop.
AGF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
