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Friday, July 29, 2011

Undervalued Stock Detected (NYSE: SNX)

Shares of SNX fell by 1.48% or $-0.42/share to $28.03. SYNNEX Corp. is trading at a price to book ratio of 0.95. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.79 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.11. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 161746 shares of SNX exchange hands on a given day and today's volume is recorded at 66736. 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.

SYNNEX Corporation (SYNNEX) is a business process services company, servicing resellers, retailers and original equipment manufacturers (OEMs), in multiple regions globally.