Zacks Recent Price Strength Strategy highlights: FreeSeas, Hawaiian Holdings, Textainer Group Holdings, Natural Gas Services

Business Wire, April 17, 2008

CHICAGO -- This stock picking strategy looks for companies trading in the upper range of their 52-week highs that have attractive fundamental attributes. This strategy proves that "trend is your friend" with a 25.7% return versus 10.9% for the S&P 500 in 2006. This screen is called the Recent Price Strength Profit Track strategy. Four stocks meeting this screen's criteria are: FreeSeas Inc. (NASDAQ: FREE), Hawaiian Holdings Inc. (AMEX: HA), Textainer Group Holdings Limited (NYSE: TGH), Natural Gas Services Group Inc. (AMEX: NGS).

View the entire list of stocks for the Recent Price Strength Profit Track at http://at.zacks.com/?id=1863

Here are details about four companies currently identified by the Recent Price Strength Profit Track:

FreeSeas Inc. (NASDAQ: FREE), a Zacks #1 Rank company, had a 15.66% price change in the past four weeks, which qualifies it for the Recent Strength profit track. In the fourth quarter, FREE's year-over-year operating revenue grew 139% to $7.44 million from $3.11 million. For the year, operating revenue increased by 71.8% to $20.15 million from $11.73 million. Annual net income rose to $2.41 million, compared to a loss of $3.32 million. FREE is a premiere, global commercial shipping company transporting iron ore, coal, grain, steel products and other drybulk cargoes.

Hawaiian Holdings Inc. (AMEX: HA) places on this profit track with a 41.67% price change in the past four weeks and an average broker recommendation of 1. This Zacks #1 Rank's fourth-quarter operating revenue increased 4.1% to $250.7 million, while full year operating revenue was $982.6 million. Shares recently skyrocketed to their 52-week high, as Hawaiian Airlines announced, on Apr 14, the start of nonstop flights between Honolulu and Manila. HA is a parent company of Hawaiian Airlines Inc, Hawaii's largest airline, serving 20 domestic and international destinations.

Textainer Group Holdings Limited (NYSE: TGH), the world's largest lessor of intermodal containers, has a per share price of $16.27 and a Zacks #1 Rank. TGH's stock price is currently very close to it's 52 week high with a 2.33% gain in the last month and an average broker rating of 1. These factors qualify TGH for the Recent Price Strength profit track. The company's year-over-year fourth quarter profits increased 22% to $70.6 million from $57.7 million, while yearly profits increased 13% to $255.8 million from $226.5 million.

Natural Gas Services Group Inc. (AMEX: NGS) provides rental and service of high quality rotary screw and reciprocating compressors. NGS recently set a 52 week-high, as it's price increased by an incredible 26.01% in the past four weeks. Fourth quarter and annual net profits increased 56% and 62%, respectively. NGS sports an average broker rating of 1, and is enjoying a Zacks #1 Rank.

Discover all the current stocks currently on the Recent Price Strength Profit Track at: http://at.zacks.com/?id=1864

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 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of 56.5% followed by the Discounted Fundamental screen with a 34% 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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