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Tuesday, October 11, 2011

Potential Takeover Candidate? (NYSE: MTL)

Shares of MTL fell by 6.10% or $-0.68/share to $10.46. Mechel OAO is trading at a price to book ratio of 0.91. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.13 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.43. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 3045880 shares of MTL exchange hands on a given day and today's volume is recorded at 1256371. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Mechel OAO is a Russia-based integrated mining and steel company.