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Zacks Return On Equity Strategy highlights: CE Franklin, Methanex, UIL Holdings and Goodrich

Thu. September 25, 2008; Posted: 03:28 PM
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CHICAGO, Sep 25, 2008 (BUSINESS WIRE) -- UIL | Quote | Chart | News | PowerRating -- One of the quickest ways to gauge whether a company is creating assets or gobbling up investor's cash is to look at their Return on Equity (ROE). The fast moving ROE Profit Track screening strategy from Zacks.com has generated an impressive return of +21.4% in 2005. In 2006, it continued to outperform the S&P 500, returning 27.0% versus the S&P 500 rise of 16.7%. Four stocks meeting this screen's exclusive criteria are: CE Franklin Ltd. (AMEX: CFK), Methanex Corp. (NASDAQ: MEOH), UIL Holdings Corp. (NYSE: UIL | Quote | Chart | News | PowerRating) and Goodrich Corp. (NYSE: GR). View the entire list of stocks for the ROE Profit Track at http://at.zacks.com/?id=1853.

Here are details about four companies currently identified by the ROE Profit Track:

CE Franklin Ltd. (AMEX: CFK), a leading supplier of products and services to the Canadian energy industry, earned its place on this profit track with an impressive price/sales ratio of .28 and a ROE of 11.63%. In addition, the Zacks #1 Rank company enjoys an average broker recommendation of 1.25. CFK's year-over-year second-quarter earnings increased to 5 cents per share from 3 cents, while delivering an outstanding 150% surprise.

Methanex Corp. (NASDAQ: MEOH | Quote | Chart | News | PowerRating) is a Vancouver-based company engaged in the worldwide production and marketing of methanol. It has an average broker recommendation of 1.67 and a ROE of 23.23%. Additionally, the Zacks #1 Rank company has a low price/sales ratio of .80, which suggests that it is a good value. In the second quarter, MEOH reported earnings 41 cents, compared to 35 cents last year.

UIL Holdings Corp. (NYSE: UIL | Quote | Chart | News | PowerRating) is the holding company for The United Illuminating Company, a regulated utility providing electricity and energy-related services. UIL reported year-over-year net earnings of 45 cents per share, exceeding analysts' expectations of 43 cents. The Zacks #1 Rank company qualifies for this profit track with a price/sales ratio of .93 and a ROE of 10.70%. Moreover, UIL sports an average broker recommendation of 1.50.

Goodrich Corp. (NYSE: GR | Quote | Chart | News | PowerRating) delivered second-quarter earnings of $1.44 per share, which exceeded analyst expectations of $1.09. The Zacks #1 Rank company meets this screen's parameters with an average broker recommendation of 1.67 and a ROE of 22.30%. GR is a global supplier of systems and services to the aerospace,defense and homeland security markets.

Discover all the current stocks currently on the ROE Profit Track at: http://at.zacks.com/?id=1854

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=4567.

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=4565.

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.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

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 Visit: www.Zacks.com

For full details for CFK click here.

    


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