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.
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SOURCE: Zacks.com
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