2009-12-03 23:03:50 -

Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): The Andersons, Inc. (Nasdaq: ANDE : ) and Energy Conversion Devices, Inc. (Nasdaq: ENER : ).

Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Fushi Copperweld, Inc. (Nasdaq: FSIN : ) and American Vanguard Corp. (NYSE: AVD : ).

To see the full Zacks #5 Rank List - Stocks to Sell Now visit: at.zacks.com/?id=92 : .

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of

Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.

Here is a synopsis of why ANDE and ENER have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe.



The Andersons, Inc. (Nasdaq: ANDE : ) reported a third-quarter profit of 7 cents per share on Nov 5, marking a 90% year-over-year decline. The company’s earnings per share missed the Zacks Consensus Estimate by 82%. Quarterly sales slumped 34% to $601 million. The current-year average forecast has slipped to $1.78 per share from $2.16 in the last 30 days as a result of downward revisions by 3 out of 4 analysts.


Energy Conversion Devices, Inc.’s (Nasdaq: ENER : ) first-quarter loss per share of 34 cents, reported last month, came in 4 cents wider than analysts’ expectations. In the year-ago quarter, the company had earned a profit of 34 cents per share. The Zacks Consensus Estimate for the current year is pegged at a loss of $1.21 per share, which widened from 56 cents over the past month. Sixteen out of 17 analysts cut back on estimates during that time.

Here is a synopsis of why FSIN and AVD have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;


Fushi Copperweld, Inc. (Nasdaq: FSIN : ) announced third-quarter earnings of 25 cents per share on Nov 6 that lagged analysts’ projections by 10%. This apart, earnings fell 19% on a year-over-year basis. Revenues dipped to $47.7 million from prior year’s $63.8 million. The Zacks Consensus Estimate for 2009 declined 4 cents to 75 cents per share over the past month as 1 analyst out of 2 reduced on estimates.


American Vanguard Corp.’s (NYSE: AVD : ) third-quarter profit of 8 cents per share, reported on Nov 4, fell 63% year over year. Analysts expected earnings of 13 cents per share. For the current year, the Zacks Consensus Estimate stands at 24 cents per share, a decline of 12 cents over the last month. Next year’s forecast decreased 6 cents to 55 cents per share in the same period.

Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report; “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions” is available to provide this insightful background. Download a free copy now to prosper in the years to come at at.zacks.com/?id=93 : .



About the Zacks Rank

Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +27%.

During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (-0.9% versus +9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Visit www.zacks.com/performance : for information about the performance numbers displayed in this press release.

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