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Friday, September 2, 2011

Potential Takeover Candidate? (TSE: AER.TO)

Shares of AER traded higher by 0.17% or $0.02/share to $12.00. Groupe Aeroplan Inc. is trading at a price to book ratio of 1.42. The PEG is 0.44 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.01. Thus, the company is not very expensive in terms of its sales. On average, 485815 shares of AER.TO exchange hands on a given day and today's volume is recorded at 816052. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.