Zacks PEG Ratio Strategy Highlights: Bronco Drilling Co. Inc., InterDigital Communications Corp., Nabors Industries Ltd. and OMI Corp.

CHICAGO -- If you like to use a company's P/E ratio to determine its value, then you'll love using the PEG Ratio Profit Track. The PEG Ratio can calculate if a stock is undervalued relative to its expected future growth. Using this indicator in a Profit Track can produce stellar profits, such as a +16.3% return in 2005 and continued strong returns in 2006. Four stocks meeting this screen's exclusive criteria are: Bronco Drilling Co. Inc. (Nasdaq:BRNC), InterDigital Communications Corp. (Nasdaq:IDCC), Nabors Industries Ltd. (NYSE:NBR) and OMI Corp. (NYSE:OMM). 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:

Bronco Drilling Co. Inc. (Nasdaq:BRNC) will announce financial results for the second quarter on August 8, 2006. BRNC, which can be an attractive value investment as its PEG ratio currently stands at 0.15, reported first-quarter results in early May. Earnings per share were 48 cents versus analysts' expectations of 43 cents. Revenues were a record $56.4 million compared to $39.0 million for the previous quarter and $8.6 million for the year-ago quarter.

InterDigital Communications Corp. (Nasdaq:IDCC), a Zacks #1 Rank (Strong Buy) company, has a PEG ratio of 0.25. The company recently posted second-quarter earnings of $2.98 per share, soaring past last year's seven cents and eclipsing the consensus estimate by almost 4%. InterDigital Communications mentioned that it is optimistic about its prospects in third quarter.

Nabors Industries Ltd. (NYSE:NBR), another Zacks #1 Rank (Strong Buy) name, recently reported second-quarter earnings of 82 cents per share before a one-time tax charge. The result beat the consensus estimate by approximately 15% and topped the year-prior total. The company noted that all of its major operating businesses achieved a more than 50% increase in year-over-year results. NBR's PEG ratio is 0.26.

OMI Corp. (NYSE:OMM) is also a Zacks #1 Rank (Strong Buy) company. OMM satisfies the criteria for this Profit Track as evidenced by its PEG ratio of 0.48. The company recently released its report for the second quarter, stating that on both a net income and earnings per share basis the quarter was the best in OMI Corporation's history.

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 2005, the Low Price Stocks strategy was the top performing Profit Track with a return of +51.9% followed by the Recent Price Strength screen with a +35.5% 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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