MOTLEY CRU - I THINK THEY ARE HODLERS IN ARGO10 Dec 2021 07:55
Despite reporting a mining margin of 86%, the stock is trading at a forward price-to-earnings (P/E) multiple of just 8.7. Peers in the sector command multiples of 20 or more.
Whenever I have covered the company in the past, I have always made it clear that I believe the market will continue to view the business with scepticism until Argo can prove its worth.
With profits growing and its mining expansion underway, I think the corporation is doing just that.
As such, despite the accusations from Boatman, I would continue to buy the stock for my portfolio as a speculative investment. I think the company is one of the best ways to invest in the cryptocurrency sector, mainly due to its strong balance sheet and probability.