Zacks' High Rank Value strategy highlights: American Electric

Power Co., Inc., ECB Bancorp, Inc., Equity Inns, Inc., and IndyMac Bancorp, Inc.  CHICAGO--(BUSINESS WIRE)--Oct. 13, 2005 Many value investors look for stocks trading at Price/Earnings multiples below 15 and Price/Book multiples below 3. Combining these valuation measures with a Zacks Rank of #1 ("Strong Buy") or #2 ("Buy") helps to ensure that a stock is truly undervalued. The High Rank Value Profit Track strategy finds such bargains. This screen generated a 28.3% return in 2004 and has outperformed the S&P 500 for 4-1/2 consecutive years. Four stocks meeting this strategy's exclusive criteria, as of October 12, 2005, include American Electric Power Co., Inc. (NYSE:AEP), ECB Bancorp, Inc. (NASDAQ:ECBE), Equity Inns, Inc. (NYSE:ENN), and IndyMac Bancorp, Inc. (NYSE:NDE). View the entire list of stocks for the High Rank Value Profit Track at  Here are details about four companies currently identified by the High Rank Value Profit Track:  American Electric Power Co., Inc. (NYSE:AEP) reported second-quarter ongoing earnings of 61 cents per share in late July. The result eclipsed the year prior earnings per share of 38 cents and outpaced the consensus estimate by almost 42%. The public utility holding company has a price-to-earnings (P/E) multiple of 14.06 and price-to-book (P/B) multiple of 1.75. AEP will release financial results for the third quarter on October 17, 2005.  ECB Bancorp, Inc. (NASDAQ:ECBE) has a price-to-earnings (P/E) multiple of 11.75 and price-to-book (P/B) multiple of 1.58. In mid-July, the company reported second-quarter earnings of 62 cents per share. The result topped last year's 60 cents and jumped ahead of the consensus estimate by about 19%. The company stated that its solid performance in the first half of 2005 underscores the continued successful implementation of its core strategies  Equity Inns, Inc. (NYSE:ENN), which is in the business of acquiring equity interests in hotel properties, announced second-quarter adjusted funds from operations (AFFO) of 34 cents per share in early August, surpassing last year's 27 cents and exceeding the consensus estimate by almost 10%. The company mentioned that it continues to outperform the industry. ENN's price-to-earnings (P/E) multiple is 12.15, while its price-to-book (P/B) multiple is 2.02.  IndyMac Bancorp, Inc. (NYSE:NDE) has an appealing valuation as evidenced by its price-to-earnings (P/E) multiple of 8.9 and price-to-book (P/B) multiple of 1.61. In late July, the company posted second-quarter earnings of $1.26 per share versus last year's pro forma earnings of 90 cents per share. The result surpassed the consensus estimate by more than 14%. The company mentioned that the second quarter was outstanding with production, assets, revenues, EPS and pipeline all at record levels. Third-quarter results will be announced on October 31, 2005.  Discover all the current stocks currently on the High Rank Value Profit Track at:  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 we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2004, the Upgrades and Revisions strategy was the top performing Profit Track with a return of +55.7% followed by the Low Price Stocks screen with a +54.8% return. To see all nine strategies along with philosophy, past performance, and current stocks, go to  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  About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. 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