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Wednesday, August 10, 2011

Broad Market Sell-Off Brings Value to Shares of Con-way Inc (NYSE: CNW)

Shares of CNW fell by 3.13% or $-0.81/share to $25.03. Con-way Inc. is trading at a price to book ratio of 1.64. 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 0.28. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 725862 shares of CNW exchange hands on a given day and today's volume is recorded at 292946. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Con-way Inc. (Con-way) provides transportation, logistics and supply-chain management services for a wide range of manufacturing, industrial and retail customers.