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Wednesday, October 12, 2011

Potential Takeover Candidate? (NASDAQ: TECD)

Shares of TECD traded higher by 1.15% or $0.53/share to $46.62. Tech Data Corp. is trading at a price to book ratio of 0.94. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.92 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.08. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 574376 shares of TECD exchange hands on a given day and today's volume is recorded at 421342. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

Tech Data Corporation (Tech Data) is a distributor of technology products.