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Wednesday, May 16, 2012

Undervalued Stock Detected (NASDAQ: SPLS)

Shares of SPLS fell by 5.83% or $-0.86/share to $13.89. NASDAQ is trading at a price to book ratio of 1.46. The PEG is 1.02 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 9963910 shares of SPLS exchange hands on a given day and today's volume is recorded at 4349045. 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.

Staples, Inc. (Staples) is an office products company.