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Friday, March 1, 2013

Potential Takeover Candidate? (NYSE: GLP)

Shares of GLP fell by 3.05% or $-1.03/share to $32.72. NYSE is trading at a price to book ratio of 2.14. The PEG is 0.52 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.06. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 57722 shares of GLP exchange hands on a given day and today's volume is recorded at 11916. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

Global Partners LP is engaged in purchasing, storing, terminalling, transporting and selling refined petroleum products, renewable fuels and crude oil.