Argo Group (ARGO: LN): Argo's share price is now revisiting 5 - year lows... Obviously, frustrated shareholders have (understandably) concluded ARGO's
a permanent value trap, and its illiquidity has exacerbated the share price decline as they've exited.
These are excellent examples of the challenges in
value investing — a stock could be defined as under -
valued for a good reason, and may remain so for a significant period of time, perhaps years or forever if the company has experienced a
permanent and material change in operations (a «
value trap»).