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Tuesday, December 11, 2012

Potential Takeover Candidate? (NYSE: WF)

Shares of WF traded higher by 3.76% or $1.1/share to $30.36. NYSE is trading at a price to book ratio of 0.47. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.05 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 1.25. Thus, the company is not very expensive in terms of its sales. On average, 8735 shares of WF exchange hands on a given day and today's volume is recorded at 3673. 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.

Woori Finance Holdings Co., Ltd. is a Korea-based financial holding company engaged in the management of its subsidiaries.