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Friday, March 23, 2012

Great Stock Value (TSE: CPX.TO)

Shares of CPX fell by 0.33% or $-0.08/share to $24.27. Capital Power Corporation is trading at a price to book ratio of 1.02. 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, 129969 shares of CPX.TO exchange hands on a given day and today's volume is recorded at 53158. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.