Zacks Growth and Income Strategy highlights: American Home Mortgage Investment Corp., Canetic Resources Trust, Eagle Bulk Shipping and Vector Group Ltd

Business Wire, Feb 5, 2007

CHICAGO -- The Zacks Growth and Income Profit Track strategy looks for stocks with unusually high dividend yields. Although this screen is based on a long-term and lower risk approach to investing, it has a history of outperforming the S&P 500. Four stocks meeting this screen's exclusive criteria are: American Home Mortgage Investment Corp. (NYSE: AHM), Canetic Resources Trust (NYSE: CNE), Eagle Bulk Shipping Inc. (Nasdaq: EGLE) and Vector Group Ltd. (NYSE: VGR). View the entire list of stocks for the Growth and Income Profit Track at http://at.zacks.com/?id=1850

Here are details about four companies currently identified by the Growth and Income Profit Track:

American Home Mortgage Investment Corp. (NYSE: AHM), a Zacks #1 Rank (Strong Buy) company, recently announced fourth-quarter earnings of $1.21 per share, soaring past the previous year's 27 cents and surpassing the consensus estimate by nearly 2%. AHM also declared a fourth-quarter dividend of $1.06 per share, versus the year-prior dividend of 91 cents. Additionally, AHM's Board of Directors increased its dividend policy to $1.12 per share per quarter, or $4.48 per share on an annualized basis. AHM offers a current dividend yield of 12.15%

Canetic Resources Trust (NYSE: CNE), one of Canada's largest oil and gas royalty trusts, recently announced a monthly cash distribution of approximately 16 cents per trust unit in U.S. dollars. In early November, the company posted third-quarter earnings, which surged past the consensus estimate by 277%. Canetic Resources Trust fulfills the criteria for this Profit Track with a current dividend yield of 15.56%.

Eagle Bulk Shipping Inc. (Nasdaq: EGLE) is another Zacks #1 Rank (Strong Buy) name. EGLE sports a current dividend yield of 10.87%. In early November, the company reported third-quarter adjusted earnings per share of 34 cents, which matched the consensus estimate. The third-quarter report also stated that a dividend of 51 cents per share was paid on November 2, 2006 to shareholders of record as of October 30, 2006.

Vector Group Ltd. (NYSE: VGR) declared a quarterly dividend of 40 cents per share in early December, which was paid in late December. In mid-November, the company released third-quarter earnings of 32 cents per share, which outpaced the year-ago result. Revenues were $137.7 million, compared to last year's $125.0 million. Vector Group is currently yielding 8.84%.

Discover all the current stocks currently on the Growth and Income Profit Track at: http://at.zacks.com/?id=1896

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 nine months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of 42.7% followed by the Discounted Fundamental screen with a 29.7% 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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