Zacks PEG Ratio Strategy highlights: Bronco Drilling Co, Pioneer Drilling Co., Pride International and True Religion Apparel Inc

Business Wire, Jan 12, 2006

CHICAGO -- If you like to use a company's P/E ratio to determine its value, then you'll love using the PEG Ratio Profit Track. The PEG Ratio can calculate if a stock is undervalued relative to its expected future growth. Using this indicator in a Profit Track can produce stellar profits, such as a 38.9% return in 2004 and continued strong returns in 2005. Four stocks meeting this screen's exclusive criteria are: Bronco Drilling Co., Inc. (NASDAQ:BRNC), Pioneer Drilling Co. (AMEX:PDC), Pride International, Inc. (NYSE:PDE), and True Religion Apparel Inc. (NASDAQ:TRLG). View the entire list of stocks for the PEG Ratio Profit Track at http://at.zacks.com/?id=1837

Here are details about four companies currently identified by the PEG Ratio Profit Track:

Bronco Drilling Co., Inc. (NASDAQ:BRNC) released third-quarter earnings in early November. The result was ahead of the consensus estimates by approximately 15%. Revenues were a record $18.6 million versus $11.7 million for the previous quarter and $5.4 million for the year prior period. The company mentioned that demand for its rigs is strong and dayrates continue to trend upward. BRNC has a PEG ratio of .49.

Pioneer Drilling Co. (AMEX:PDC) issued its report for the fiscal second quarter in early November. Earnings per share of 24 cents surged past last year's three cents and topped the consensus estimate of 21 cents. With a PEG ratio of .40, value investors may find this to be a good addition to their portfolio.

Pride International, Inc. (NYSE:PDE), a Zacks #1 Rank (Strong Buy) name, announced third-quarter earnings in early November, surpassing the consensus estimate by 35% and eclipsing the year prior result. PDE stated that increased rig demand worldwide, particularly in the Gulf of Mexico where it has sizable exposure, contributed to improved earnings and cash flow. The company sports a PEG ratio of .49

True Religion Apparel Inc. (NASDAQ:TRLG), another Zacks #1 Rank (Strong Buy) company, reported third-quarter earnings of 33 cents per share, exceeding the consensus estimate by 10%. The company noted that it was pleased with its record revenue, margins and earnings results. TRLG satisfies the criteria of this Profit Track with a PEG ratio of .25.

Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868

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

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