Zacks Bull and Bear of the Day Highlights: China Life

Insurance, TIM Participacoes, Consolidated Graphics and Alliant Energy 
CHICAGO--(BUSINESS WIRE)--May 22, 2006
Zacks Equity Research highlights China Life Insurance
(NYSE:LFC) as the Bull of the Day and TIM Participacoes S.A.
(NYSE:TSU) as the Bear of the Day. In addition, Zacks Equity Research
provides analysis on Consolidated Graphics (NYSE:CGX) and Alliant
Energy (NYSE:LNT). Full analysis of all four stocks is available at
http://at.zacks.com/?id=2676. 
Here is a synopsis of all four stocks: 
Bull of the Day: 
Our Bull of the Day recommendation is for China Life Insurance
(NYSE:LFC). It is clear that China Life is the market leader in
China's life insurance industry, where opportunities are significant.
The company continues to grow a solid client base, employ a unique
multi-channel distribution and service network, improve its
operational and management procedures, and benefit from the favorable
life insurance operating environment. Although China Life still has to
face growing competition and it has not successfully completed its
conversion to higher margin products, we think its current valuation
does not fully reflect its growth prospects. Therefore, we are
upgrading our Hold recommendation to Buy on China Life shares. 
Bear of the Day: 
Our Bear of the Day recommendation is for TIM Participacoes S.A.
(NYSE:TSU). First quarter results showed some positive figures, and
the Brazilian short-term economic outlook remains promising with the
benign environment for Brazilian domestic interest rates and continued
growth in the Brazilian wireless industry. Nevertheless, the
incorporation of TIM Celular was negative for TSU, creating a new
company that is indebted, not profitable, less efficient, and comes
with an expensive valuation. We are also concerned with the difficult
competitive environment for the Brazilian wireless sector, and higher
interest rates in the U.S. 
Analyst Blog: 
Consolidated Graphics (NYSE:CGX) reported fourth quarter EPS of
$0.74, ahead of our expectations of $0.72, due to cost containment and
earnings accretion from acquisitions. Sales from national account
customers and cross-selling initiatives were up strongly by 70% and
37%, respectively. Over the last three quarters, the company's strong
earnings growth has exceeded our profit expectations. For FY07,
operating margins should expand 20 basis points on account of overhead
cost control and continued growth in its national accounts. We
reiterate our Buy recommendation on shares of CGX, with a target price
of $57.50. 
Alliant Energy (NYSE:LNT) appears to be well positioned based on
improving earnings visibility through regulated rate hikes, increasing
generation capacity, debt reduction, and divestiture of international
assets and underperforming operations. Nevertheless, rising fuel and
costs and increasing capital expenditures modestly temper our outlook.
LNT has consistently and significantly outperformed the broader S&P
500 Index over the past six months and we expect this trend to
continue. 
Get the full analysis of all four stocks by going to
http://at.zacks.com/?id=2649. 
About the Bull and Bear of the Day 
Every day, the analysts at Zacks Equity Research select two stocks
that are likely to outperform (Bull) or underperform (Bear) the
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