1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

FPA Capital Comments on Amerigroup

October 31, 2012 | About:

We fully exited Amerigroup (AGP) after the company received an unsolicited takeover offer from Wellpoint (WLP), which was more than double our cost basis. Although we owned AGP for approximately one year and are pleased with the return it generated for the Fund, we believe the stock had more upside potential given the dynamic trends in the market. Nonetheless, on a present value basis, we believe the offer from WLP is fair and that AGP shareholders will approve the deal.

From FPA Capital’s third quarter commentary.

Rating: 3.2/5 (5 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)