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Tuesday, May 10, 2011

Potential Takeover Target (TSE: MFI.TO)

Shares of MFI traded higher by 0.17% or $0.02/share to $12.03. Maple Leaf Foods Inc. is trading at a price to book ratio of 1.77. The PEG is 0.63 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.34. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 125205 shares of MFI.TO exchange hands on a given day and today's volume is recorded at 53651. 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.

TSE:MFI.TO - Google Finance Search