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Tuesday, December 11, 2012

Potential Takeover Candidate? (NYSE: PDS)

Shares of PDS traded higher by 4.21% or $0.3301/share to $8.17. NYSE is trading at a price to book ratio of 0.93. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.4 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.02. Thus, the company is not very expensive in terms of its sales. On average, 1924730 shares of PDS exchange hands on a given day and today's volume is recorded at 795371. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Precision Drilling Corporation (Precision) is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada and the United States.