Bought at: 27p (November 2007)
Sold at: 80p (March 2008)
I HAVE A LIST OF companies that look interesting but feel too richly priced to be considered as value investments. The advantage of keeping a list of potential investments like this is that I know what I want to buy and know what I am willing to pay. As investor Jim Slater often says: “When preparation and opportunity meet, good things can happen”.
ArmorGroup International was once on this list, till events conspired to lower its price to true deep value territory.
When I first came across ArmorGroup International in 2007 it was a rather unique services company quoted on the London Stock Exchange. This British firm had been around ...