Business Services Industry
Zacks' Low Price Stocks Strategy Highlights: Eastman Kodak, Olin, RadioShack and Volt Information
Business Wire, Jan 25, 2008
CHICAGO -- Looking for stocks priced below $20? How about companies with discount valuations and a track record of a positive trend in earnings estimates revisions? The Low Price Stocks Profit Track Strategy identifies such stocks. This screen generated a 56.5% return in 2006. Four stocks meeting this screen's exclusive criteria are Eastman Kodak Company (NYSE: EK), Olin Corporation (NYSE: OLN), RadioShack Corporation (NYSE: RSH) and Volt Information Sciences, Inc. (NYSE: VOL). View the entire list of stocks for the Low Price Stocks Profit Track at http://at.zacks.com/?id=2140.
Here are details about four companies currently identified by the Low Price Stocks Profit Track:
Eastman Kodak Company (NYSE: EK) has a share price slightly below $20, keeping this camera and film giant on the Low Price profit track. The Zacks #2 Rank company will announce its fourth-quarter results on Jan 30. Earnings estimates are higher than levels from three months ago for the quarter and year ended December 2007, as well as for the year ending December 2008. In its third quarter, Eastman Kodak announced earnings per share, excluding items, which easily bettered the consensus. Sales in the quarter decreased slightly year over year, but digital revenue growth advanced 12%.
Olin Corporation (NYSE: OLN) will report its fourth-quarter numbers on Jan 29. Earnings estimates for that quarter are up a little more than 8% over the past two months. Expectations for the year ended December 2007 and the year ending December 2008 have also moved forward in that timeframe. As a result, the chemical and metals products manufacturer is a Zacks #2 Rank. Along with a share price of about $17, Olin appears to be a solid company that just happens to have a low price. In its third quarter, earnings per share from continuing operations of 44 cents eclipsed the consensus by almost 13% while revenue increased 28%.
RadioShack Corporation's (NYSE: RSH) price has been moving lower for several months and now rests at around $16. Nevertheless, the company is a Zacks #1 Rank and received a brokerage firm upgrade in December. In addition to its share price, the company qualifies for this screen with a 12-month trailing EPS of $1.52 and a price/sales ratio of 0.48. This all suggests that the consumer electronics specialty retailer is a quality stock despite its low price. Even with the challenges it faces, the company announced, during its third quarter report, that it expects a year-over-year net income improvement in the fourth quarter.
Volt Information Sciences, Inc. (NYSE: VOL) is a provider of staffing services and telecommunications and information solutions. With a share price at approximately $17.60, this Zacks #1 Rank qualifies for the Low Price profit track. Last month, the company reported fiscal fourth quarter earnings per share of $1.03, which beat the consensus by almost 120%. In the year ago quarter, EPS was 57 cents. In addition, net sales advanced 3% to $625.6 million from $610.2 million.
Discover all the current stocks currently on the Low Price Stocks Profit Track at: http://at.zacks.com/?id=2141.
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
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=1841
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