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Tuesday, June 5, 2012

Potentially Oversold Level Reached (TSE: L.TO)

Shares of L traded higher by 0.06% or $0.02/share to $31.92. TSE is trading at a price to book ratio of 1.47. The price to sales ratio came in at 0.29. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 533724 shares of L.TO exchange hands on a given day and today's volume is recorded at 190088. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.