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Wednesday, October 12, 2011

Potentially Oversold Level Reached (NYSE: BAM)

Shares of BAM traded higher by 1.67% or $0.44/share to $26.81. Brookfield Asset Management Inc. is trading at a price to book ratio of 1.04. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.81 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.05. Thus, the company is not very expensive in terms of its sales. On average, 1378470 shares of BAM exchange hands on a given day and today's volume is recorded at 1979648. 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.

Brookfield Asset Management Inc. is a global asset management company focused on property, power and infrastructure assets.