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Friday, March 23, 2012

Great Stock Value (TSE: RON.TO)

Shares of RON traded higher by 1.11% or $0.1/share to $9.10. RONA inc. is trading at a price to book ratio of 0.65. This indicates that the value of the company's underlying assets exceeds today's market price. The price to sales ratio came in at 0.24. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 314998 shares of RON.TO exchange hands on a given day and today's volume is recorded at 1658604. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.