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Zacks PEG Ratio Strategy Highlights: LDK Solar, CIRCOR International, CNH Global NV and Foster Wheeler

If you like to use a companys P/E ratio to determine its value, then youll love using the PEG Ratio Profit Track. The PEG Ratio can calculate if a stock is undervalued relative to its expected future growth. Find out which companies offer the greatest value regardless of growth rate to enjoy stellar returns. Four stocks meeting this screens exclusive criteria are: LDK Solar Co. Ltd. (NYSE: LDK), CIRCOR International Inc. (NYSE: CIR), CNH Global NV (NYSE: CNH) and Foster Wheeler, Ltd. (NASDAQ: FWLT). View the entire list of stocks for the PEG Ratio Profit Track at http://at.zacks.com/?id=1837

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

LDK Solar Co. Ltd. (NYSE: LDK) reported outstanding net earnings of 95 cents per share for the second quarter, compared to 29 cents last year. The result marked a surprise of 131.7% over the consensus. The company places on the PEG Ratio profit track with a 12-month trailing PE of 18.75 and an average broker recommendation of 2.14. LDK is a manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells.

CIRCOR International Inc. (NYSE: CIR) enjoys a Zacks #2 Rank and a PEG ratio of .53, making this undervalued stock a great pick for the PEG Ratio profit track. In the second quarter, CIR reported earnings of $1.08 per share, compared to 63 cents in the previous quarter. In addition, the company sports an average broker recommendation of 2.25 and a 12-month trailing PE of 17.27. CIR designs, manufactures and distributes valves and related products and services to optimize the efficiency or ensure the safety of fluid-control systems.

CNH Global NV (NYSE: CNH) enjoys an average broker recommendation of 2.50 and a PEG ratio of .46. In the second quarter, CNH delivered a 26.5% surprise and reported net earnings of $1.48 per share, compared to only 53 cents in the preceding quarter. On top of that, the company is currently enjoying a Zacks #1 Rank and a per share price of $29.80. CNH is the number one manufacturer of agricultural tractors and combines in the world, as well as the third largest maker of construction equipment.

Foster Wheeler, Ltd. (NASDAQ: FWLT) is a leading international engineering, construction and project management contractor and power equipment supplier. The Zacks #2 Rank earned its place on the PEG Ratio profit track with an average broker recommendation of 1.53 and a PEG ratio of .52. FWLT reported year-over-year second quarter earnings of 98 cents per share, compared to 70 cents. Analysts were expecting the company to report earnings of 81 cents.

Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868

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=2156

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

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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.

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