Zacks' High Rank Value Strategy Highlights: Asbury Automotive Group, Endurance Specialty Holdings Ltd., IPC Holdings Ltd. and Westar Energy.

CHICAGO -- Many value investors look for stocks trading at Price/Earnings multiples below 15 and Price/Book multiples below 3. Combining these valuation measures with a Zacks Rank of #1 ("Strong Buy") or #2 ("Buy") helps to ensure that a stock is truly undervalued. The High Rank Value Profit Track strategy finds such bargains - bargains that generated returns of 1.4% in the first five months of 2006. Four stocks meeting this strategy's exclusive criteria are Asbury Automotive Group, Inc. (NYSE: ABG), Endurance Specialty Holdings Ltd. (NYSE: ENH), IPC Holdings Ltd. (Nasdaq: IPCR) and Westar Energy Inc. (NYSE: WR). View the entire list of stocks for the High Rank Value Profit Track at http://at.zacks.com/?id=2136.

Here are details about four companies currently identified by the High Rank Value Profit Track:

Asbury Automotive Group, Inc. (NYSE: ABG) offers a price-to-earnings (P/E) multiple is 12.19 and a price-to-book (P/B) multiple of 1.28. In late October, the company announced third-quarter earnings per share that topped the consensus estimate by nearly 4% and outperformed the year-ago result. Asbury Automotive Group noted that its earnings for the third quarter, adjusted for non-operating items, were the highest in its history. Fourth-quarter results will be available in mid-February.

Endurance Specialty Holdings Ltd. (NYSE: ENH) is scheduled to report fourth-quarter results in early February. In late October, the company posted third-quarter earnings of $1.87 per share, excluding items. The result outperformed the consensus estimate by almost 36%. ENH stated that its results benefited from strong pricing and lower than expected losses in its catastrophe exposed businesses. ENH's price-to-earnings (P/E) multiple is 10.32 and its price-to-book (P/B) multiple is 1.10.

IPC Holdings Ltd. (Nasdaq: IPCR) has a price-to-earnings (P/E) multiple of 11.47 and a price-to-book (P/B) multiple of 1.05. In late October, the company reported third-quarter earnings of 1.47 per share, reversing the year-ago quarter that saw a loss of $13.53 per share. The earnings result also topped the consensus estimate by 31%. Wall Street has been issuing upward revisions of fourth-quarter forecasts. Current estimates of $1.27 per share are above last week's estimates of $1.25.

Westar Energy Inc. (NYSE: WR), a Zacks #1 Rank (Strong Buy) company, released third-quarter earnings of $1.03 per share in early November. The result outperformed the consensus estimate by 34% and exceeded the year-prior result. Westar Energy satisfies the criteria for this Profit Track as evidenced by its price-to-earnings (P/E) multiple of 14.6 and a price-to-book (P/B) multiple of 1.49.

Discover all the current stocks currently on the High Rank Value Profit Track at: http://at.zacks.com/?id=2137.

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. For the first five months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +22.2% followed by the Discounted Fundamental screen with a +18.6% 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

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