Compass Minerals International, Cholestech Corp. and Diversa Corp.
CHICAGO--(BUSINESS WIRE)--November 16, 2006
This stock picking strategy looks for companies trading in the
upper range of their 52-week highs that have attractive fundamental
attributes. This strategy proves that "trend is your friend" with a
+13.9% return versus +2.1% for the S&P 500 in the first five months of
2006. This screen is called the Recent Price Strength Profit Track
strategy. Four stocks meeting this screen's exclusive criteria are
AAON Inc. (Nasdaq: AAON), Compass Minerals International, Inc. (NYSE:
CMP), Cholestech Corp. (Nasdaq: CTEC) and Diversa Corp. (Nasdaq:
DVSA). View the entire list of stocks for the Recent Price Strength
Profit Track at http://at.zacks.com/?id=1863
Here are details about four companies currently identified by the
Recent Price Strength Profit Track:
AAON Inc. (Nasdaq: AAON) recently established a new 52-week high.
The company also recently reported record earnings and sales.
Third-quarter earnings per share totaled 43 cents, which was ahead of
last year's 22 cents and above the consensus estimate by almost 23%.
The company stated that the increase in earnings resulted primarily
from both higher volume and price increases, which provided an
improvement in gross margins in the third quarter. AAON has advanced
in share price by 20% over the past four weeks.
Compass Minerals International, Inc. (NYSE: CMP), a Zacks #1 Rank
(Strong Buy) company, recently announced third-quarter earnings of
seven cents per share, reversing the year-prior loss and topping the
consensus estimate by 200%. Compass Minerals International has
outpaced analysts' expectations each time over the past five
consecutive quarters. CMP has been setting new 52-week highs and has
increased by 12% over the past four weeks.
Cholestech Corp. (Nasdaq: CTEC) is within reach of its 52-week
high and experienced 42% growth over the past four weeks. In late
October, the company posted fiscal second-quarter earnings of 15 cents
per share, topping the previous year's 11 cents and eclipsing the
consensus estimate almost 37%. The company said this past quarter and
the first half of fiscal 2007, Cholestech has demonstrated significant
operating leverage in addition to double digit revenue growth. This
fact is reflected in the company's improved operating margin and
continued strong cash flow.
Diversa Corp. (Nasdaq: DVSA) recently released its report for the
for the quarter and nine months ended September 30, 2006. The company
commented that it is pleased with the progress it has made on the
goals it set for 2006. So far, among other accomplishments, DVSA has
delivered on its promise to reduce costs, conserve cash, concentrate
on bringing new products to market, and increase penetration of its
existing products. Diversa meets the criteria of this Profit Track as
its share price has experienced 13% growth over the past four weeks
and is currently near its 52-week high.
Discover all the current stocks currently on the Recent Price
Strength Profit Track at: http://at.zacks.com/?id=1864
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. For the first
five months of 2006, the Low Price Stocks strategy was the top
performing Profit Track with a return of +22.2% followed by the
Discounted Fundamental screen with a +18.6% 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
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Disclaimer: Past performance does not guarantee future results.
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Alex Kolb, 312-630-9880 x149
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