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Wednesday, May 9, 2012

Potential Takeover Candidate? (NASDAQ: CLMT)

Shares of CLMT fell by 1.25% or $-0.3/share to $23.76. NASDAQ is trading at a price to book ratio of 2.0. The PEG is 0.39 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.34. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 326871 shares of CLMT exchange hands on a given day and today's volume is recorded at 119642. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America.