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Thursday, May 17, 2012

Undervalued Stock Detected (NYSE: FIG)

Shares of FIG fell by 1.60% or $-0.05/share to $3.07. NYSE is trading at a price to book ratio of 1.32. The PEG is 0.26 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.01. Thus, the company is not very expensive in terms of its sales. On average, 910640 shares of FIG exchange hands on a given day and today's volume is recorded at 912972. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Fortress Investment Group LLC (Fortress) is a global investment management firm.