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Friday, February 22, 2013

Potentially Oversold Level Reached (NYSE: OMX)

Shares of OMX traded higher by 4.08% or $0.475/share to $12.12. NYSE is trading at a price to book ratio of 0.99. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.02 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.14. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2492670 shares of OMX exchange hands on a given day and today's volume is recorded at 1012771. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

OfficeMax Incorporated (OfficeMax) provides office supplies and paper, print and document services, technology products and solutions and office furniture to large, medium and small businesses, government offices and consumers.