Zacks Buy List Highlights: OfficeMax Incorporated, Garmin, Ltd., Internet Gold and Terex Corporation

Business Wire, Feb 28, 2007

CHICAGO -- Zacks.com releases the latest list of Zacks Rank Buy Stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are OfficeMax Incorporated (NYSE: OMX), Garmin, Ltd. (Nasdaq: GRMN), Internet Gold (Nasdaq: IGLD), and Terex Corporation (NYSE: TEX).

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of 31.8% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled 37.6%. To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88

Here is a synopsis of today's Zacks Rank Buy Stocks:

Aggressive Growth - OfficeMax Incorporated (NYSE: OMX)

OfficeMax Incorporated has comfortably exceeded earnings estimates in each of the past five quarters. Three of them had positive surprises over 100%. Three analysts have raised their forecasts for this year, while two have done so for next year. Over the past week, earnings estimates have jumped eight cents to $2.66 per share. The stock is attractive at 17.2x next year's estimate of $3.04 per share, below the projected 20% growth rate.

Growth & Income - Garmin, Ltd. (Nasdaq: GRMN)

Garmin, Ltd. exceeded analysts' earnings expectations in 11 consecutive quarters by an average margin of 16.8%. Consensus estimates have been trending higher after the company released impressive results for the fourth quarter and full year of 2006. GRMN is currently yielding 0.87% and its return on equity more than triples that of the industry average--37% compared to 11%.

Momentum - Internet Gold (Nasdaq: IGLD)

We first featured Internet Gold as a Momentum Stock of the Day on Jan 12, 2007. Since that time the stock has gained 25.4%. The stock has been in a strong uptrend since Jul 26, 2006, when it bottomed out at $4.20. After release of the earnings report on Feb 26, IGLD gapped higher and closed at a new 52-week high on very heavy volume.

Value - Terex Corporation (NYSE: TEX)

Terex Corporation is up over 60% since being featured as a Value stock on Sep 12. Moreover, the company remains a Zacks #1 Rank stock. TEX recently reported solid results for the fourth quarter and full year of 2006. Analysts have been upping their earnings estimates for both this year and next. The Board of Directors announced a $200 million share repurchase program in mid December. TEX's PEG ratio currently sits at 0.85.

Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report, "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions," provides an insightful background about this wealth-building tool. Download your free copy of the report now to prosper in the years to come by visiting http://at.zacks.com/?id=93.

About the Zacks Rank

Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." A $10,000 investment in the Zacks Rank list made in 1988 would now be worth $1.77 million - equivalent to a 31.8% annualized return! 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 143.6% annually ( 4.8% vs. 11.8%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=90.

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