Here are the main criteria Zacks Investment Research used to identify 10 undervalued companies with sound operations and good prospects:
[ ] Market capitalization of $1 billion or more
[ ] Stock price greater than $5
[ ] Average 20-day trading volume greater than 100,000 shares[ ] Projected 2008 growth rate greater than the average for the S&P 500 stock index (compared with last year)
[ ] Projected 2008 growth rate this year greater than zero (compared with last year)
[ ] Projected 2008 growth rate greater than the company's five-year historical growth rate
[ ] 12-month price-to-earnings ratio less than the average for the S&P 500
[ ] P-E ratio / five-year high is less than 0.5. (In other words, the current P-E ratio is at least 50 percent lower than its five-year-high P-E ratio)
[ ] P-E ratio / five-year average is less than 0.5. (In other words, the current P-E ratio is at least 50 percent lower than its five-year average P-E ratio)
Jackie Weaver of OH @ Oct 29, 2008 16:43:59 PM
ambery of TX @ Oct 29, 2008 09:44:54 AM
Ray Rollins of VA @ Oct 29, 2008 08:19:05 AM