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: Collective Brands, Inc. (NYSE: PSS), Comfort Systems USA Inc. (NYSE: FIX), Key Energy Services Inc. (NYSE: KEG) and Altra Holdings, Inc. (NASDAQ: AIMC). 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:
Collective Brands, Inc. (NYSE: PSS) is a Zacks #2 Rank company that reported second-quarter earnings of 54 cents per share, delivering an EPS surprise of 86.21%. PSS enjoys a low per share price of $17.56 and a 12-month trailing EPS of $1.33. In addition, the company sports a price to sales ratio of .33. PSS is the largest specialty family footwear retailer in the Western Hemisphere.
Comfort Systems USA Inc. (NYSE: FIX) sports a Zacks #1 Rank and a per share price of $14.74. For its second quarter, the company reported earnings of 38 cents per share, while analysts expected 33 cents. FIX has a price to sales ratio of .47 and a 12-month trailing EPS of $1.07, which satisfy the requirements for the Low Price profit track. FIX is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services.
Key Energy Services Inc. (NYSE: KEG) reported second-quarter earnings of 35 cents per share, delivering a surprise of 2.94%. This Zacks #1 Rank sports a price to sales ratio of .93 and a per share price of $13.48, earning its place on the Low Price profit track. Moreover, KEG enjoys a 12-month trailing EPS of $1.19. KEG is one of the largest providers of onshore oil and gas well services in the United States and Argentina.
Altra Holdings, Inc. (NASDAQ: AIMC), a leading multinational designer, producer & marketer of a wide range of mechanical power transmission products, sports a Zacks #2 Rank and a per share price of $16.70, which qualify it for the Low Price profit track. In addition, AIMC has a 12-month trailing EPS of $1.13 and a price to sales ratio of .69. The company reported second-quarter earnings of 39 cents per share, which exceeded analysts’ expectations of 37 cents.
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=4598
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