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Wednesday, March 28, 2012

Excellent Stock Value (TSE: CPX.TO)

Shares of CPX fell by 2.43% or $-0.585/share to $23.50. Capital Power Corporation is trading at a price to book ratio of 1.01. 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 0.68. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 128565 shares of CPX.TO exchange hands on a given day and today's volume is recorded at 223567. 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.