Zacks PEG Ratio Strategy Highlights: Centex Corporation, Lufkin Industries, and Oceaneering International.

CHICAGO -- If you like to use a company's PE ratio to determine its value, then you'll love using the PEG Ratio Profit Track. Find out which companies offer the greatest value regardless of growth rate to enjoy stellar returns. Value investing may be boring to some, but a 38.9% return in 2004, compared to the S&P's +11.4%, may create many converts to this Profit Track strategy. Three stocks meeting this screens exclusive criteria as of April 12, 2005 are: Centex Corporation (NYSE:CTX), Lufkin Industries, Inc. (NASDAQ:LUFK) and Oceaneering International, Inc. (NYSE:OII). View the entire list of stocks for the PEG Ratio Profit Track at http://at.zacks.com/?id=1837

Here are three companies that meet the following PEG Ratio Profit Track:

Centex Corporation (NYSE:CTX) reported in late January that domestic home sales rose +12% in its fiscal third quarter, while backlog increased +18% to 17,501 units. The company attributed the strong sales and margin expansion at Centex Homes to its focus on neighborhood growth, along with continuous improvement. Furthermore, Centex expects to continue achieving strong results in fiscal 2006, despite an environment of incrementally higher mortgage rates. In addition to the company's solid performance and encouraging outlook, the company's PEG Ratio of .43 is also likely to be attractive to investors who are looking for good value in their positions.

Lufkin Industries, Inc. (NASDAQ:LUFK) sells and services oil field pumping units, foundry castings, power transmission products and highway trailers throughout the world. The company recently announced that it expects first quarter earnings per share between 95 cents and $1.05, which would top its previous guidance of between 65 cents and 85 cents. Meanwhile, Lufkin's PEG Ratio is at .44, suggesting that this company is a good value with room for further improvement in the future.

Oceaneering International, Inc. (NYSE:OII) provides engineered services and hardware to customers operating in marine, space, and other harsh environments. At .37, this company's PEG Ratio is well within this Profit Track's requirement of .55 or below, and shows that Oceaneering is attractively-price with good price appreciation potential. The company recently announced that Oceaneering Multiflex was awarded a contract by Clough Engineering Ltd. of Australia to supply umbilicals for the G-1 and GS-15 fields offshore Rajahmundry, India. The contract has a value in excess of $10 million.

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 one 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 6 unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2004 the Upgrades and Revisions strategy was the top performing Profit Track with a return of +55.7%. The PEG Ratio screen produced +38.9% return in 2004. To see all 6 strategies along with philosophy, past performance and current stocks, then 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. Learn more about the Research Wizard and Free Trial offer. http://at.zacks.com/?id=111

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