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Wednesday, May 16, 2012

Potentially Oversold Level Reached (NYSE: SKS)

Shares of SKS fell by 0.45% or $-0.045/share to $10.00. NYSE is trading at a price to book ratio of 1.28. 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 1.21. The price to sales ratio came in at 0.51. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2152150 shares of SKS exchange hands on a given day and today's volume is recorded at 986149. 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.

Saks Incorporated is a department store retailer.