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Zacks’ Low Price Stocks strategy highlights: Invacare, Multi-Color, American Equity Investment Life Holding and Energy Transfer Equity.


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© Business Wire 2008
2008-11-18 00:15:03 -

Looking for stocks priced below $20" How about companies with discount valuations and a track record of a positive trend in earnings estimates revisions" The cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fat. .. Profit Track Strategy identifies such stocks. This screen generated a +56.5% return in 2006. Four stocks meeting this screen"s exclusive criteria are: Invacare Corp. (NYSE: IVC), Multi-Color Corp. (NASDAQ:LABL), American Equity Investment Life Holding

Co. (NYSE: AEL) and Energy Transfer Equity, L.P. (NYSE: ETE). View the entire list of stocks for the Low Price Stocks Profit Track at cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fat. ...
Here are details about four companies currently identified by the Low Price Stocks Profit Track:
Invacare Corp. (NYSE: IVC) is the world's leading manufacturer and distributor of non-acute health care products. The company has a Zacks #2 Rank and a per share price of $16.29. In the third quarter, IVC reported earnings of 42 cents per share, while analysts expected 38 cents. It has a price/sales ratio of .29 and a 12-month trailing EPS of $1.34, which satisfy the requirements for the Low Price profit track.
Multi-Color Corp. (NASDAQ: LABL) reported second-quarter earnings of 33 cents per share, delivering a surprise of 17.86%. This Zacks #2 Rank sports a price/sales ratio of .84 and a per share price of $18.25, earning its place on the Low Price profit track. Moreover, LABL enjoys a 12-month trailing EPS of $1.10. LABL is one of the largest producers of printed labels for branded consumer products in the United States.
American Equity Investment Life Holding Co. (NYSE: AEL) is a Zacks #2 Rank company that reported outstanding third-quarter earnings of 42 cents per share, marking an EPS surprise of 23.53%. AEL enjoys a low per share price of $8.41 and a 12-month trailing EPS of $2.86. In addition, the company sports a price to sales ratio of .56. AEL is a full service underwriter of a broad line of annuity and insurance products, with a primary emphasis on the sale of fixed rate and index annuities.
Energy Transfer Equity, L.P. (NYSE: ETE), which owns a diversified portfolio of energy assets, enjoys a Zacks #1 Rank and a per share price of $17.27. In addition, ETE has a 12-month trailing EPS of $1.13 and a price/sales ratio of .42. The company reported third-quarter earnings of 47 cents per share, which exceeded analysts" expectations of 28 cents. Last year, the company delivered earnings of 46 cents per share.
Discover all the current stocks currently on the cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fat. .. Profit Track at:
cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fat. ...
About Profit Tracks
What is a "Profit Track"" Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fat. ...
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fat. ..
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fat. ..
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Visit cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. for information about the performance numbers displayed in this press release.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.


Zacks.com

Alla Kushner

Phone: 312-265-9208

Email: mailto:pr@zacks.com


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