Nah its not overvalued....Imagine you owned a top 4 oz company producing IO , with a MASSIVE GROWTH PROFILE over the next few years, sitting on a TONNE OF CASH thats growing bigger and fatter each qtr to FUND that mass growth, and has NO DEBT and needs no debt.
As in investor or shareholder you care abt GROWTH GROWTH GROWTH ....and we got it, and we gots the CASH to do it debt free
That growth profile is massive and acheivable via all the cash we got that keeps building.
Safer high growth than its peers ala FMG, the coy can thus definately trade at a higher PE or a PREMIUM. Its not what id term a RISKY company with a high risk growth initiative. In fact its the opposite! NO way is it worth $2.50. You need to look ahead and see the future. We got the CASH for growth.
AGO Price at posting:
$2.89 Sentiment: LT Buy Disclosure: Held
