Zacks' Low Price Stocks strategy highlights: Insteel Industries, Universal American, Knoll and UTI Worldwide
CHICAGO, Aug 26, 2008 (BUSINESS WIRE) -- 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: Insteel Industries Inc. (NASDAQ: IIIN), Universal
American Corp (NYSE: UAM), Knoll Inc. (NYSE: KNL) and UTI
Worldwide, Inc. (NASDAQ: UTIW). 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:
Insteel Industries Inc. (NASDAQ: IIIN) is one of the nation's
largest manufacturers of steel wire reinforcing products for concrete
construction applications. It sports a Zacks #1 Rank and a per share
price of $16.87. For its third quarter, the company reported earnings of
97 cents per share, while analysts expected earnings of 57 cents. IIIN
has a price/sales ratio of .91 and a 12-month trailing EPS of $1.87,
which satisfy the requirements for the Low Price profit track.
Universal American Corp (NYSE: UAM) is a Zacks #2 Rank company
that reported outstanding first quarter results of 30 cents per share,
marking an EPS surprise of 66.67%. UAM enjoys a low per share price of
$12.78 and a 12-month trailing EPS of $1.13. In addition, UAM sports a
price to sales ratio of .21. UAM is a holding company for a group of
life and health insurance companies and administrative services
companies.
Knoll Inc. (NYSE: KNL), a leading designer and manufacturer of
branded office furniture products and textiles, sports a Zacks #1 Rank
and a per share price of $16.50, which qualify it for the Low Price
profit track. In addition, KNL has a 12-month trailing EPS of $1.64 and
a price/sales ratio of .71. The company reported second-quarter earnings
of 49 cents per share, which exceeded analysts'
expectations of 40 cents.
UTI Worldwide, Inc. (NASDAQ: UTIW) reported first quarter
earnings of 18 cents per share, delivering a surprise of 12.50%. This
Zacks #1 Rank sports a price/sales ratio of .58 and a per share price of
$18.28, earning its place on the Low Price profit track. Moreover, UTIW
enjoys a 12-month trailing EPS of $1.05. UTIW is a global, non-asset
based supply chain management business providing supply chain logistics
services and planning and optimization solutions.
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=4598.
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
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Visit http://www.zacks.com/performance
for information about the performance numbers displayed in this press
release.
Disclaimer: Past performance does not guarantee future results.
Investors should always research companies and securities before making
any investments. Nothing herein should be construed as an offer or
solicitation to buy or sell any security.
SOURCE: Zacks.com
Zacks.com Alla Kushner Phone: 312-265-9208 Email: pr@zacks.com
Copyright Business Wire 2008



