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Wednesday, October 12, 2011

Undervalued Stock Detected (NYSE: OC)

Shares of OC fell by 0.45% or $-0.1/share to $22.37. Owens Corning is trading at a price to book ratio of 0.73. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.43 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.55. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1966310 shares of OC exchange hands on a given day and today's volume is recorded at 2830103. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Owens Corning is a producer of glass fiber reinforcements and other materials for composites and of residential and commercial building materials.