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Thursday, January 24, 2013

Excellent Stock Value (TSE: IAG.TO)

Shares of IAG traded higher by 0.73% or $0.25/share to $34.63. TSE is trading at a price to book ratio of 1.24. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.3. The price to sales ratio came in at 0.39. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 159110 shares of IAG.TO exchange hands on a given day and today's volume is recorded at 113259. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.