AOK could justifiably be in the high 20's on fundamentals.
But I wonder how much of this recent spike is AOK and how much is the Iraq situation.
If I was a fund manager, I'd be taking a serious look at low cost, high margin, undervalued oil companies in politically stable countries. Good management, a year on year history of growth, and delivering on promises would also be highly desirable. If you know of such a company, I'd love to hear about it......
