Zacks PEG Ratio Strategy Highlights: Credit Suisse Group, InterDigital Communications Corp., Patterson-UTI Energy and Remington Oil and Gas 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: Credit Suisse Group (NYSE:CSR), InterDigital Communications Corp. (Nasdaq:IDCC), Patterson-UTI Energy, Inc. (Nasdaq:PTEN) and Remington Oil and Gas Corp. (NYSE:REM). 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:

Credit Suisse Group (NYSE:CSR) released first-quarter financial results in early May, stating that the quarter provided an excellent environment in which to start operating as an integrated global bank. The company added that positive market sentiment translated into strong client activity across its Investment Banking, Private Banking and Asset Management divisions. Results for the second quarter will be available August 2, 2006. CSR offers a PEG ratio of 0.55.

InterDigital Communications Corp. (Nasdaq:IDCC), a Zacks #1 Rank (Strong Buy) company, has a PEG ratio of 0.32. The company recently announced that it expects total second-quarter revenue to be in the range of approximately $291 million to $293 million. IDCC said it continues to benefit from solid contributions from its existing base of patent licensees and it remains optimistic about its prospects for growth as it continues to capitalize on opportunities in the growing 3G market.

Patterson-UTI Energy, Inc. (Nasdaq:PTEN) can be quite appealing to value investors as it sports a low PEG ratio of 0.15. In early May, the company posted first-quarter earnings of 91 cents per share, exceeding the consensus estimate by almost 10% and outperforming the year-ago result. Revenues increased 70% year-over-year. Patterson-UTI Energy noted that its quarterly results once again demonstrate the earnings leverage it is able to achieve at high levels of rig utilization.

Remington Oil and Gas Corp. (NYSE:REM) reported first-quarter earnings of 90 cents per share in early May. The result matched analysts' expectations and improved on the previous year's 56 cents. The independent oil and gas exploration and production company satisfies the criteria of this Profit Track with a PEG ratio of 0.46.

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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