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Monday, July 1, 2013

Potential Takeover Candidate? (NASDAQ: CG)

Shares of CG fell by 1.79% or $-0.46/share to $25.17. NASDAQ is trading at a price to book ratio of 1.38. The PEG is 0.26 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.39. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 268547 shares of CG exchange hands on a given day and today's volume is recorded at 542672. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.