Of course I meant $750 million market cap.
I put in a quick post without a lot of my own personal analysis because (1) I thought there was half a chance you (Saul) had already heard of it and (2) I didn’t do a lot of personal analysis, I just read several opinions and I was just starting out buying stocks after a 15-year hiatus.
I first found out about Argan through Joel Greenblatt’s free magicformulainvesting.com website, which emphasizes ROIC in its calculation. It’s still listed there, despite its price run-up, even when I screen for stocks with a market cap down to $50 million.
Argan consists of these companies:
Gemma Power Systems - development, design, construction, commissioning and operation of large-scale power projects
Atlantic Projects Company - construction and technical services for power generation, oil & gas, industrial and process industry
Southern Maryland Cable - technology wiring and utility construction solutions
The Roberts Company - Fabrication, construction and plant services for heavy and light industry
(“So it’s a rollup?” you ask, and I have to say, “I guess so. Or you could call it a holding company.”)
The biggest division by far is Gemma Power, and their biggest work is in gas-fired power plants. (My qualm there is if the gas is from fracking, which I am against, and how the decline in fracking is affecting their business. But it’s still instead of coal.)
They pay a $.70 dividend once a year, in October.
More to come, time permitting.