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Tuesday, July 12, 2011

Excellent Stock Value (NYSE: BGC)

Shares of BGC traded higher by 5.06% or $2.08/share to $43.20. General Cable Corp. is trading at a price to book ratio of 1.39. The PEG is 0.91 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 756397 shares of BGC exchange hands on a given day and today's volume is recorded at 321028. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets.