Zacks' Discount Fundamental Strength Strategy Highlights: Avnet, Inc., ENGlobal Corporation, JLG Industries, Inc. and Triumph Group, Inc

Business Wire, Oct 12, 2006

CHICAGO -- Combining strong underlying fundamentals with low valuations can lower risk and increase portfolio returns. Zacks' Discounted Fundamental Strength Profit Track strategy has generated double-digit returns for five consecutive years, including a 23.5% gain in 2005. For the first five months of 2006, this Profit Track has returned 18.6%. Four stocks that currently have both fundamental strength and discounted valuations are Avnet, Inc. (NYSE: AVT), ENGlobal Corporation (AMEX: ENG), JLG Industries, Inc. (NYSE: JLG) and Triumph Group, Inc. (NYSE: TGI). View the entire list of stocks for the Discounted Fundamental Strength Profit Track at http://at.zacks.com/?id=2142.

Here are details about four companies currently identified by the Discounted Fundamental Strength Profit Track:

Avnet, Inc. (NYSE: AVT) satisfies the criteria of this Profit Track with a PEG ratio of 0.59 and a price/sales multiple of 0.22. The company reported fiscal 2006 fourth-quarter earnings per share of 60 cents on Aug 9, which beat the Street's estimate by two cents. The company exceeded analysts' earnings expectations for the past three quarters. Revenues for the entire fiscal year jumped 28.8% to $14.25 billion and marked a new record for the company. AVT is scheduled to release its results for the first quarter of fiscal 2007 on Oct 26.

ENGlobal Corporation (AMEX: ENG) reported second-quarter profits of nine cents per share, which crushed analysts' expectations by an impressive 50.0%. Revenues climbed 26.4% when compared to the prior-year period. Both the company's quarterly profit and revenue numbers represented new records. The company stated that during the quarter its management team began implementing a number of initiatives designed to improve profitability and looks forward to further improvement going forward. ENG offers a PEG ratio of 0.46 and a price/sales multiple of 0.72. The third-quarter report is expected to be released on Nov 9.

JLG Industries, Inc. (NYSE: JLG) reported fourth-quarter fiscal 2006 earnings per share of 45 cents. With analysts expecting 41 cents, the company surprised to the upside by a solid 9.8%. Compared to the prior-year period, earnings soared 25.0%. JLG exceeded analysts' earnings expectations for seven consecutive quarters. Revenues increased 20.7% to $687.6 million from $569.6 million a year ago. JLG's PEG ratio is 0.84 and its price/sales multiple stands at 0.98.

Triumph Group, Inc. (NYSE: TGI) has a current ratio of 2.71 and a debt/equity level of 0.36. The company sports a PEG ratio of 0.89 and a price/sales multiple of 0.85. When TGI posted first-quarter fiscal 2007 earnings per share of 58 cents, it marked the third straight quarter in which it topped analysts' expectations. Net sales soared 25.4% to $222.8 million, versus $177.7 million in the prior-year period. The company stated the fundamental driver behind its strong performance was organic revenue growth combined with enhanced operating leverage. TGI will release its second-quarter results on Oct 26.

Discover all the current stocks currently on the Discounted Fundamental Strength Profit Track at: http://at.zacks.com/?id=2143.

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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