Zacks' High Rank Value Strategy Highlights: Aspen Insurance Holdings Ltd., American Home Mortgage Investment Corp., Axis Capital Holdings Ltd. and Diana Shipping

Business Wire, Jan 30, 2007

CHICAGO -- Many value investors look for stocks trading at Price/Earnings multiples below 15 and Price/Book multiples below 3. Combining these valuation measures with a Zacks Rank of #1 ("Strong Buy") or #2 ("Buy") helps to ensure that a stock is truly undervalued. The High Rank Value Profit Track strategy finds such bargains - bargains that generated returns of exceeding the S&P 500 in 2006. Four stocks meeting this strategy's exclusive criteria are Aspen Insurance Holdings Ltd. (NYSE:AHL), American Home Mortgage Investment Corp. (NYSE:AHM), Axis Capital Holdings Ltd. (NYSE:AXS) and Diana Shipping Inc. (NYSE:DSX). View the entire list of stocks for the High Rank Value Profit Track at http://at.zacks.com/?id=2136.

Here are details about four companies currently identified by the High Rank Value Profit Track:

Aspen Insurance Holdings Ltd. (NYSE:AHL) will announce fourth-quarter and year-end 2006 results on February 8, 2007. In early November, the Zacks #1 Rank (Strong Buy) company provided an outlook for 2007, stating that while it expects market conditions to remain generally attractive in 2007, it anticipates that rates will decline in some of its product lines. AHL offers a price-to-earnings (P/E) multiple of 8.67 and a price-to-book (P/B) multiple of 1.25.

American Home Mortgage Investment Corp. (NYSE:AHM) recently reported fourth-quarter earnings of $1.21 per share, outperforming the previous year's 27 cents and exceeding the consensus estimate by nearly 2%. AHM could be a good fit for a value-oriented portfolio as evidenced by its price-to-earnings (P/E) multiple is 6.7 and a price-to-book (P/B) multiple of 1.54.

Axis Capital Holdings Ltd. (NYSE:AXS) satisfies the criteria of this Profit Track with a price-to-earnings (P/E) multiple is 5.85 and a price-to-book (P/B) multiple of 1.20. The company will announce financial results for the fourth quarter in early February. The third-quarter report was released in late October. Earnings per share were ahead of the consensus estimate by 12% and reversed the year-prior loss.

Diana Shipping Inc. (NYSE:DSX) has a price-to-earnings (P/E) multiple is 13.3 and a price-to-book (P/B) multiple of 2.31. The company released its report for the third quarter in early November. DSX noted that its successful strategies to grow its fleet, while maintaining a flexible chartering policy that permits it to benefit from the dynamic of its marketplace, also have resulted in Diana Shipping being able to increase its dividend for the third quarter of 2006 to 40 cents per share.

Discover all the current stocks currently on the High Rank Value Profit Track at: http://at.zacks.com/?id=2137.

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

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