Thursday, September 25, 2008

SHOCKING

AGM has not gone broke like its bretheren. Ironically, in the Great Depression it was the farmer's and their banks that went bust. History rhymes but doesn't repeat. If that statement is true. AGM at 5 may be the financial buy of a lifetime.

But that is speculation. The fact is agriculture is in demand and people always need loans to grow and this company is able to provide that at a lower cost due to a quasi government relationship that will probably be defined here as the credit mess starts to unwind.

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