Zacks' High Rank Value strategy highlights: Mack-Cali Realty Corp., DryShips, Diana Shipping and Genco Shipping & Trading Ltd.

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 Mack-Cali Realty Corp. (NYSE: CLI), DryShips, Inc. (Nasdaq: DRYS), Diana Shipping Inc. (NYSE: DSX) and Genco Shipping & Trading Ltd. (Nasdaq: GSTL). 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:

Mack-Cali Realty Corp. (NYSE: CLI) offers a price-to-earnings (P/E) multiple of 14.71 and a price-to-book (P/B) multiple of 2.19. In early August, the company posted second-quarter funds from operations of 95 cents per share, topping the consensus estimate by nearly 12%. CLI has exceeded Wall Street forecasts four times out of the past five consecutive quarters and matched the other time.

DryShips, Inc. (Nasdaq: DRYS), a Zacks #1 Rank (Strong Buy) company, announced second-quarter financial results in late August. The company stated that it is well positioned to take advantage of the improving freight market fundamentals and deliver enhanced value to its shareholders. DryShips satisfies the criteria for this Profit Track with a price-to-earnings (P/E) multiple of 4.87 and a price-to-book (P/B) multiple of 1.12.

Diana Shipping Inc. (NYSE: DSX), also a Zacks #1 Rank (Strong Buy) name, reported second-quarter earnings of 28 cents per share, prior to a preferential deemed dividend. The earnings result, which was released in early August, was ahead of the consensus estimate by a penny. Diana Shipping also increased its dividend to $0.355 per share, based on its results from operations during the quarter. The company's price-to-earnings (P/E) multiple is 10.21 and its price-to-book (P/B) multiple is 1.90.

Genco Shipping & Trading Ltd. (Nasdaq: GSTL), another Zacks #1 Rank (Strong Buy) company, released financial results for the second quarter in early August. Earnings per share jumped ahead of the consensus estimate by 14.5%. The company noted that, during the second quarter, it continued to benefit from its significant time charter coverage at above market rates during a time in which it took steps to increase its coverage for both 2006 and 2007. GSTL has a price-to-earnings (P/E) multiple of 8.70 and a price-to-book (P/B) multiple of 1.61.

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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