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Thursday, October 27, 2011

Potential Takeover Candidate? (NYSE: WCC)

Shares of WCC traded higher by 6.17% or $2.91/share to $50.04. WESCO International Inc. is trading at a price to book ratio of 1.78. The PEG is 0.74 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.39. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 819328 shares of WCC exchange hands on a given day and today's volume is recorded at 1679791. 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.

WESCO International, Inc. (WESCO International) is a North American distributor of products and provider of supply chain management and logistics services used primarily in industrial, construction, utility and commercial, institutional and government markets.