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Monday, July 16, 2012

Excellent Stock Value (TSE: MFI.TO)

Shares of MFI fell by 0.45% or $-0.05/share to $11.00. TSE is trading at a price to book ratio of 1.79. The PEG is 0.55 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.32. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 154584 shares of MFI.TO exchange hands on a given day and today's volume is recorded at 59685. 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.