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Thursday, June 28, 2012

Undervalued Stock Detected (TSE: ARE.TO)

Shares of ARE fell by 0.26% or $-0.03/share to $11.67. TSE is trading at a price to book ratio of 1.36. The price to sales ratio came in at 0.22. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 218739 shares of ARE.TO exchange hands on a given day and today's volume is recorded at 369519. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.