Cheapest stock of the week: Argo Group Limited

Argo Group Limited is a hedge fund manager with 177 MUSD AUM specialized in distressed asset investing trading at 0.3 P/B multiple. With 26 MUSD book value and 7 MUSD market price the stock looks cheap but the problem is that most of its assets are exposed to targets which are extremely illiquid and valuations …

Cheapest stock of the week: Elverket Vallentuna Ab

Elverket Vallentuna is a Swedish regulated electricity distributor which due to recent court order has right to charge according to my estimation about 70 mkr of unbilled electricity charges from its customers in coming years, which can be thought as extra cash as all the costs of delivering the energy has already been incurred. Cancelling …

Cheapest stock of the week: Arise Ab

Arise is Swedish wind farmer trading at half of book value and is the cheapest stock I stumbled on this week. As with the other participants so far in the "Cheapest stock of the week" writing series it belongs to the "low P/B turnaround" cases. Key info 2014 (mkr): Sales 276 Core EBIT 80 NFE …