Breaking News

Correct: S&P 500 Extends Gain to Biggest Since 2013
Tweet TWEET

Zacks' High Rank Value Strategy Highlights: American Electric

Power Co., Energy East Corp., First United Corporation and iStar Financial Inc. 
CHICAGO--(BUSINESS WIRE)--April 11, 2006
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 13.7% return in 2005. Four stocks meeting this
strategy's exclusive criteria are American Electric Power Co., Inc.
(NYSE:AEP), Energy East Corp. (NYSE:EAS), First United Corporation
(Nasdaq:FUNC) and iStar Financial Inc. (NYSE:SFI). View the entire
list of stocks for the High Rank Value Profit Track at
http://at.zacks.com/?id=2136. 
Here are details about four companies currently identified by the
High Rank Value Profit Track: 
American Electric Power Co., Inc. (NYSE:AEP) reaffirmed its 2006
full year earnings guidance of $2.50 to $2.70 per share in early
March. Analysts are in agreement as evidenced by current estimates of
$2.61 per share, up from three months-ago levels of $2.60. In early
February, the company reported ongoing earnings for the fourth quarter
of 29 cents per share, beating the consensus estimate by almost 12%.
The public utility holding company has a price-to-earnings (P/E)
multiple of 12.35 and price-to-book (P/B) multiple of 1.46. 
Energy East Corp. (NYSE:EAS) offers a price-to-earnings (P/E)
multiple of 13.34 and a price-to-book (P/B) multiple of 1.26. The
company released unaudited fourth-quarter earnings of 43 cents per
share in early February, exceeding the year-prior result. EAS noted
that earnings were ahead of last year primarily due to higher margins
on electric sales and an increase in electric deliveries. 
First United Corporation (Nasdaq:FUNC) satisfies the criteria for
this Profit Track with a price-to-earnings (P/E) multiple of 11.41 and
price-to-book (P/B) multiple of 1.53. The company, a Zacks #1 Rank
(Strong Buy) name, is a one-bank holding company with two non-bank
subsidiaries. In late February, the company posted fourth-quarter
earnings of 69 cents per share, which was ahead of the year-prior
performance. 
iStar Financial Inc. (NYSE:SFI) reported fourth-quarter earnings
of 81 cents per share in late February, matching the consensus
estimate. The company mentioned that Last year it achieved a number of
significant milestones that helped it compete during a challenging
year and position it well for the long-term. SFI's shares offer a
price-to-earnings (P/E) multiple of 11.27 and a price-to-book (P/B)
multiple of 1.75. Results for the first quarter will be available on
April 25. 
Discover all the current stocks currently on the High Rank Value
Profit Track at: http://at.zacks.com/?id=2137. 
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 2005, the
Low Price Stocks strategy was the top performing Profit Track with a
return of +51.9% followed by the Recent Price Strength screen with a
+35.5% return. To see all nine strategies along with philosophy, past
performance, and current stocks, go to http://at.zacks.com/?id=1838 
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 http://at.zacks.com/?id=2156 
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
http://at.zacks.com/?id=1841 
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. 
(a)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index
of the prices of 500 large-company common stocks selected by Standard
and Poor's. The S&P 500 includes the reinvestment of all dividends, no
transaction costs, and represents the gross returns before management
fees. 
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. 
CONTACT:
Zacks.com
Alex Kolb, 312-630-9880 x149
pr@zacks.com
www.Zacks.com
 
 
Press spacebar to pause and continue. Press esc to stop.