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Monday, August 22, 2011

Potential Takeover Candidate? (NYSE: CVI)

Shares of CVI fell by 5.25% or $-1.285/share to $23.18. CVR Energy, Inc. is trading at a price to book ratio of 2.17. The PEG is 0.34 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.44. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2548590 shares of CVI exchange hands on a given day and today's volume is recorded at 1051322. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

CVR Energy, Inc. (CVR Energy) is an independent petroleum refiner and marketer of transportation fuels.