Your comments are excellent and very valid. I like AGO and as I said would buy it if my ARI&FMG were much higher or AGO was much lower.
There is also a big picture with ARI&FMG that also matches AGO's. That is almost an impossible comparison and depends of other macro factors.
In Sept 2012 debt issues and unfinished expansions were ARI&FMG's biggest issue. They are completely gone today. So things have changed. Hence why AGO is much lower than Sept 2012
ie since Sept 2012... AGO (40%), ARI +90% and FMG +50
AGO Price at posting:
73.5¢ Sentiment: None Disclosure: Not Held