Zacks' High Rank Value strategy highlights: Snap-on, Danaos Corporation, Oriental Financial Group, and Universal

Business Wire, March 18, 2008

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 Snap-on Inc. (NYSE: SNA), Danaos Corporation (NYSE: DAC), Oriental Financial Group Inc. (NYSE: OFG), and Universal Corp. (NYSE: UVV). 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:

Snap-on Inc. (NYSE: SNA) reported record fourth-quarter and full year results in February 2008, with net earnings amounting to $57.3 million and $181.2 million, respectively, compared to $38 million and $100.1 million. SNA sports a dividend yield of 2.53% and paid a quarterly dividend of 30 cents on Mar 10. The Zacks #1 Rank company carries a P/E multiple of 14.62 and a P/B multiple of 2.13, making it a great pick for the High Rank Value profit track. Snap-on is a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users.

Danaos Corporation (NYSE: DAC) is a leading international owner of containerships, chartering vessels to many of the world's largest liner companies. DAC enjoys a price/earnings ratio of 11.85 and a price/book ratio of 2.11, making the grade for this profit track, which calls for a P/E of less than 15 and a P/B less than 3. The Zacks #1 Rank company reported strong financials, with fourth quarter net profits rising 45.8% to $44.7 million, compared to $30.6 million. DAC also sports a dividend yield of 7.70% and, on Jan 28, declared a quarterly dividend payment of 46 cents.

Oriental Financial Group Inc. (NYSE: OFG) is a Zacks #1 Rank company with some very attractive valuations, carrying a P/E multiple of 13.63 and a price to book multiple of just 1.83. OFG declared a quarterly dividend of 14 cents, payable on Apr 15 to shareholders of record on Mar 31. The company's financial results included fourth quarter and full year revenue of $94.6 million and $331.9 million, respectively, compared with $49.4 million and $249.5 million. OFG is a financial holding company that provides financial products and services predominantly in Puerto Rico.

Universal Corp. (NYSE: UVV) is one of the world's leading leaf tobacco merchants and processors, with a dividend yield of 2.87% and a Zacks #1 Rank. The company's fourth quarter income for continuing operations increased by 42% in the third quarter; jumping to $50.8 million from $35.8 million. Sales and other operating revenues were up by 12%. UVV earned its place on this profit track with an impressive P/E multiple of 13.79 and a P/B multiple of 1.03. UVV declared a quarterly dividend of 45 cents, payable on May 12.

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. 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.

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