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Wednesday, May 2, 2012

Potentially Oversold Level Reached (NCM: TPCG)

Shares of TPCG traded higher by 0.10% or $0.04/share to $41.10. NASDAQ is trading at a price to book ratio of 2.23. The PEG is 0.42 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.23. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 148421 shares of TPCG exchange hands on a given day and today's volume is recorded at 101594. 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.

TPC Group Inc., formerly Texas Petrochemicals Inc.