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Tuesday, January 10, 2012

Potential Takeover Candidate? (TSE: BIN.TO)

Shares of BIN traded higher by 0.40% or $0.08/share to $20.25. Progressive Waste Solutions Ltd. is trading at a price to book ratio of 1.48. The price to sales ratio came in at 1.33. On average, 226690 shares of BIN.TO exchange hands on a given day and today's volume is recorded at 156174. 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.