AGM: Wade, it's not a matter of deserving a particular P/E multiple. Stock price is determined by many many many factors. Today AGM is worth exactly what it is trading for.
Not trying to be caddy, just making the point that lots of factors are a play in every stock. In the case of AGM, some people are promoting it as a good buy before earnings. That seems to have helped it rise over the last week or two.
Today overall market is down a bit due to the dollar trend (down lately), bad economic data (PPI up, unemployment, etc.), and uncertainty over AGM's upcoming earnings report (among many other things).
I am treating AGM as a volatile, day-tradable stock lately and placing a trailing stop on it whenever I buy it.
Best Regards,
'peeker
Focus Focus Focus Focus !!!!