Zacks Sell List Highlights Angiotech Pharmaceuticals, Monaco Coach Corp., Brocade Communications, Inc., and The Brinks Company

Business Wire, June 3, 2005

CHICAGO -- 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): Angiotech Pharmaceuticals, Inc. (NASDAQ:ANPI) and Monaco Coach Corp. (NYSE:MNC). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Brocade Communications, Inc. (NASDAQ:BRCD) and The Brinks Company (NYSE:BCO). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List -- Stocks to Sell Now by 155.5% annually (11.88% vs. 4.65% respectively). 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 ANPI and MNC have a Zacks Rank of 5 (Strong Sell) and should most likely be sold or avoided for the next 1 to 3 months. Note that a #5 Strong Sell rating is applied to 5% of all the Zacks ranked stocks:

Angiotech Pharmaceuticals, Inc. (NASDAQ:ANPI) issued revised earnings guidance this week. The company anticipates earning between 92-95 cents per share in 2005, on an adjusted basis. This compares to the consensus estimate for profits of 94 cents per share. The company missed first-quarter expectations by a penny with earnings of 24 cents per share and analysts have been subsequently lowering their full-year forecasts. The current estimate for the full year is two cents below the level of 30 days ago.

Monaco Coach Corp. (NYSE:MNC) reported first-quarter earnings of 18 cents per share, underperforming last year's 40 cents and missing the consensus estimate by about 14%. Revenues were $331.5 million versus revenues of $355.0 million for last year's first quarter. While the company mentioned that it is very positive about the strong acceptance of its 2005 product line by its dealer network and its retail customers, it also stated that the market conditions that have been affecting the industry over the past few quarters impacted its financial results in the first quarter. Earnings estimates for the year ending December 2005 decreased by 23 cents, or almost 19%, from two months ago.

Here is a synopsis of why BRCD and BCO 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:

Brocade Communications, Inc. (NASDAQ:BRCD) met analysts' expectations with fiscal second-quarter non-GAAP earnings of seven cents per share. Revenues declined 10% on a sequential quarterly basis. Analysts have revised their expectations for the company's fiscal third-quarter downward to six cents per share, from 10 cents, over the past 60 days. Full-year estimates have also been revised downward to 32 cents from 39 cents during the past 60 days.

The Brinks Company (NYSE:BCO) reported first-quarter earnings of 28 cents per share in early May, missing expectations by 18 cents. It was the third earnings miss in four quarters. Analysts have responded by lowering expectations for the remainder of the year. The new consensus estimate of $2.00 per share is 6% below the forecast of 30 days ago.

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About the Zacks Rank

For over 17 years, 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 32.8%. 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 underperformed the S&P 500 by 155.5% annually ( 4.65% vs. 11.88%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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