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Friday, May 13, 2011

Great Takeover Value (NYSE: GME)

Shares of GME traded higher by 5.75% or $1.4905/share to $27.42. Gamestop Corporation is trading at a price to book ratio of 1.31. The PEG is 0.77 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.39. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 4478620 shares of GME exchange hands on a given day and today's volume is recorded at 972749. These factors combined make this company a prime takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

GameStop Corp. (GameStop) is a retailer of video game products and personal computer (PC) entertainment software.