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Zacks Buy List Highlights: Blue Nile, Inc., L-3 Communications Holdings, Inc., Aspreva Pharmaceuticals Corporation, and Old Dominion Freight Line, Inc.


CHICAGO -- Zacks.com releases another list of Zacks Rank Buy stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are Blue Nile Blue Nile, Arab. Al Bahr al Azraq, river, c.1,000 mi (1,600 km) long, the chief headstream of the Nile, rising in Lake Tana, NW Ethiopia, at an altitude of c.6,000 ft (1,800 m). , Inc. (Nasdaq:NILE), L-3 Communications
Not to be confused with Level 3 Communications, an Internet carrier


L-3 Communications Holdings, Inc. (NYSE: LLL) is a company that supplies command, control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and
 Holdings, Inc. (NYSE NYSE

See: New York Stock Exchange
:LLL LLL
abbr.
left lower lobe (of the lung)
), Aspreva Pharmaceuticals Corporation (Nasdaq:ASPV), and Old Dominion Freight Line, Inc. (Nasdaq:ODFL ODFL Old Dominion Freight Lines, Inc
ODFL Orillia District Fastball League (Canada)
ODFL One Dollar For Life
).

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +33% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled 37.6%. To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88.

Here is a synopsis of today's Zacks Rank Buy Stocks:

Aggressive Growth -- Blue Nile, Inc. (Nasdaq:NILE)

Blue Nile, Inc.'s efficient business model has allowed it to beat earnings estimates in six straight quarters. Over the past 90 days, estimates have increased 1.4% for 2005, with five different analysts raising numbers. The stock is trading at 37.6x 2006 estimates, with a long-term growth rate of 31.25%, giving NILE a PEG ratio PEG Ratio

See: Prospective earnings growth ratio


PEG ratio

See price-earnings/growth ratio (PEG ratio).
 of 1.20.

Growth & Income -- L-3 Communications Holdings, Inc. (NYSE:LLL)

L-3 Communications Holdings, Inc. has topped the consensus earnings estimate for 12 quarters running. The company recently issued its full-year 2006 earnings per share guidance above analyst estimates. LLL has increased revenues and grown profits for the past seven years. Earnings per share have grown 31.0% over the past five years. The company currently yields 0.62%.

Momentum -- Aspreva Pharmaceuticals Corporation (Nasdaq:ASPV)

Aspreva Pharmaceuticals shocked the market last week when management provided a higher guidance for both the fourth quarter and full year 2005. As a result, the stock propelled into new high ground and has yet to find its supply/demand balance.

Value -- Old Dominion Freight Line, Inc. (Nasdaq:ODFL)

Old Dominion Freight Line, Inc., a Zacks #1 Rank stock, is trading at a discounted valuation despite impressive growth in revenues and profits. Earnings per share have grown 37.6% over the past five years. The company has met or topped analyst earnings estimates in 16 consecutive quarters.

Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report, "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions," provides an insightful background about this wealth-building tool. Download your free copy of the report now to prosper in the years to come by visiting http://at.zacks.com/?id=93.

About the Zacks Rank

For over 17 years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of +33%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8%, while the S&P 500 tumbled 37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 155.5% annually (+4.6% vs. +11.8%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform Outperform

An analyst recommendation meaning a stock is expected to do slightly better than the market return.

Notes:
Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy.
 the market. Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
subscribe, take

buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company";
 this free newsletter today by visiting http://at.zacks.com/?id=90.

The Zacks Rank, and all of its recommendations, is created by Zacks & Co., member NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
. Zacks.com displays the Zacks Rank with permission from Zacks & Co. on its web site for individual investors.

About Zacks

Zacks.com is a property of Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register for a free subscription to Profit from the Pros http://at.zacks.com/?id=91.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

-- The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard & Poor's. The S&P 500 includes the reinvestment Reinvestment

Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash.

1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares.
 of all dividends, no transaction costs Transaction Costs

Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it).
, and represents the gross returns before management fees.

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 solicitation

In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual
 to buy or sell any security.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 7, 2006
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