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Tuesday, November 22, 2011

Great Stock Value (TSE: ARE.TO)

Shares of ARE remained unchanged at $10.06. Aecon Group Inc. is trading at a price to book ratio of 1.18. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The price to sales ratio came in at 0.18. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 255392 shares of ARE.TO exchange hands on a given day and today's volume is recorded at 129326. 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.