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Monday, May 14, 2012

Potential Takeover Candidate? (NASDAQ: TWGP)

Shares of TWGP fell by 4.08% or $-0.88/share to $20.67. NASDAQ is trading at a price to book ratio of 0.8. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.61 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.47. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 219341 shares of TWGP exchange hands on a given day and today's volume is recorded at 47661. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Tower Group, Inc. (Tower), through its subsidiaries, offers a range of commercial, personal and specialty property and casualty insurance products and services to businesses in various industries and to individuals.