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Friday, March 23, 2012

Excellent Stock Value (TSE: CF.TO)

Shares of CF fell by 1.12% or $-0.1/share to $8.86. Canaccord Financial Inc. is trading at a price to book ratio of 0.91. This indicates that the value of the company's underlying assets exceeds today's market price. The price to sales ratio came in at 1.03. Thus, the company is not very expensive in terms of its sales. On average, 214723 shares of CF.TO exchange hands on a given day and today's volume is recorded at 369861. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.