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Tuesday, May 1, 2012

Potentially Oversold Level Reached (NYSE: ODP)

Shares of ODP fell by 1.15% or $-0.035/share to $3.00. NYSE is trading at a price to book ratio of 1.15. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.47. The price to sales ratio came in at 0.07. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 4860490 shares of ODP exchange hands on a given day and today's volume is recorded at 1998595. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Office Depot, Inc. (Office Depot) is a global supplier of office products and services.