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Friday, August 5, 2011

Potential Takeover Candidate? (NYSE: THO)

Shares of THO traded higher by 1.13% or $0.22/share to $19.65. Thor Industries Inc. is trading at a price to book ratio of 1.35. The PEG is 0.69 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, 534165 shares of THO exchange hands on a given day and today's volume is recorded at 224895. These factors combined may make this company a potential 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.

Thor Industries, Inc. (Thor) manufactures and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.