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Tuesday, October 16, 2012

Potentially Oversold Level Reached (NYSE: AM)

Shares of AM traded higher by 0.47% or $0.08/share to $17.14. NYSE is trading at a price to book ratio of 0.82. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.17 suggesting that the shares are attractively priced relative to the 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, 442391 shares of AM exchange hands on a given day and today's volume is recorded at 177959. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

American Greetings Corporation (American Greetings) is engaged in the design, manufacture and sale of everyday and seasonal greeting cards and other social expression products.