Zacks' Low Price Stocks Strategy Highlights: American Safety Insurance, Bluegreen, Felcor Lodging, and Mesa Air

Business Wire, Oct 4, 2005

CHICAGO -- Looking for stocks priced below $20? How about companies with discount valuations and a track record of positive trend in earnings estimates revisions? The Low Price Stocks Profit Track Strategy identifies such stocks. This screen generated a 54.8% return in 2004 and has a win ratio of nearly 75% over the past 4-1/2 years. Four stocks meeting this screen's exclusive criteria are American Safety Insurance (NYSE:ASI), Bluegreen Corp. (NYSE:BXG), Felcor Lodging Trust Inc. (NYSE:FCH) and Mesa Air Group Inc. (NASDAQ:MESA). View the entire list of stocks for the Low Price Stocks Profit Track at http://at.zacks.com/?id=2140.

Here are details about four companies currently identified by the Low Price Stocks Profit Track:

American Safety Insurance (NYSE:ASI), an insurance holding company, recently delivered a strong earnings report. Second-quarter earnings were 44 cents per share, well ahead of last year's result of a loss of 23 cents. The stock is currently trading around $17.24 per share, with a price-to-sales ratio of 0.61. Over the past 12 months, the company has earned $1.90 per share.

Bluegreen Corp. (NYSE:BXG) a real estate company, recently delivered strong earnings. Second-quarter earnings per share came in at 46 cents, 13 cents, or 39% ahead of the consensus. A strong real estate market has helped their earnings. The stock is currently trading $17.65, with a price-to-sales ratio of 0.82. Over the past 12 months, the company has earned $1.46 per share.

Felcor Lodging Trust Inc. (NYSE:FCH), a REIT, posted second-quarter earnings of 54 cents per share, surpassing last year's 35 cents and exceeding the consensus estimate by six percent. The stock is currently trading around $15.15 per share, with a price-to-sales ratio of 0.75. Over the past 12 months, the company has earned $1.28 per share.

Mesa Air Group Inc. (NASDAQ:MESA), an airline, recently reported fiscal third-quarter earnings of 39 cents per share. The result topped the consensus estimate by 34% and outpaced last year's third-quarter. The stock is currently trading around $8.50 per share, with a price-to-sales ratio of 0.22. Over the past 12 months, the company has earned $1.25 per share.

Discover all the current stocks currently on the Low Price Stocks Profit Track at: http://at.zacks.com/?id=2141.

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 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 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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