Zacks' High Rank Value strategy highlights: First United Corporation, MCG Capital Corporation, Newcastle Investment Corp. and United Online.

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 exceeding the S&P 500 in 2006. Four stocks meeting this strategy's exclusive criteria are First United Corporation (Nasdaq: FUNC), MCG Capital Corporation (Nasdaq: MCGC), Newcastle Investment Corp. (NYSE: NCT) and United Online, Inc. (Nasdaq: UNTD). 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:

First United Corporation (Nasdaq: FUNC) satisfies the criteria for this Profit Track as evidenced by its price-to-earnings (P/E) multiple of 10.49 and a price-to-book (P/B) multiple of 1.42. In mid-December, FUNC declared a dividend of $0.195 per share. The company announced financial results for the third quarter in early November. Earnings per share totaled 53 cents, surpassing the year-prior total of 50 cents.

MCG Capital Corporation (Nasdaq: MCGC) will announce fourth-quarter results on February 27, 2007. In late October, the company reported third-quarter earnings of 42 cents per share, eclipsing the year-prior total of 34 cents and surpassing analysts' expectations of 37 cents. During the past four consecutive quarters, MCGC delivered earnings that were above Wall Street estimates. MCGC offers a price-to-earnings (P/E) multiple of 11.65 and a price-to-book (P/B) multiple of 1.57.

Newcastle Investment Corp. (NYSE: NCT) will release financial results for the fourth quarter on February 22, 2007. In early November, the company posted third-quarter earnings of 68 cents per share, outpacing the previous year's 63 cents and surpassing the consensus estimate by a penny. Newcastle Investment Corp. has a price-to-earnings (P/E) multiple is 11.94 and a price-to-book (P/B) multiple of 1.64.

United Online, Inc. (Nasdaq: UNTD) recently reported fourth-quarter earnings of 29 cents per share, beating last year's 28 cents and exceeding the consensus estimate by 21%. The company noted that organic revenue growth in its Content & Media segment drove United Online's sequential revenue growth this quarter. UNTD has a price-to-earnings (P/E) multiple of 13.59 and a price-to-book (P/B) multiple of 2.52.

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 nine months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +42.7% followed by the Discounted Fundamental screen with a +29.7% 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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