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Zacks Upgrades and Revisions Strategy Highlights: American Physicians Capital, Inc., Allis-Chalmers Energy Inc., CryptoLogic Inc. and Radiant Systems Inc.


CHICAGO -- Earnings estimate revisions are the most powerful force impacting stock prices. Couple that with the proven benefits of upgrades in ratings from brokerage firms and you have a strategy that delivered a +16.5% return in the first five months of 2006. Four stocks meeting

this screen's exclusive criteria are: American Physicians Capital, Inc. (Nasdaq:ACAP (Application Configuration Access Protocol) A protocol for storing configuration information in a central server. It is designed to enhance e-mail functions for remote users by providing a central location for personal address books and client application ), Allis-Chalmers Energy Inc. (AMEX AMEX

See: American Stock Exchange
:ALY ALY Alley
ALY Alloy
ALY Alexandria, Egypt - Alexandria (Airport Code) 
), CryptoLogic Inc CryptoLogic Inc. is a Toronto-based online gambling software supplier, one of the four largest in the industry along with Microgaming, Playtech, and Real Time Gaming.

CryptoLogic was founded by brothers Andrew and Mark Rivkin in 1995 from the basement of their parent's house.
. (Nasdaq:CRYP CRYP Cheyenne River Youth Project (Eagle Butte, SD) ) and Radiant Systems Inc. (Nasdaq:RADS). View the entire list of stocks for the Upgrades and Revisions Profit Track at http://at.zacks.com/?id=1844

Here are details on four companies currently identified by the Upgrades and Revisions Profit Track:

American Physicians Capital, Inc. (Nasdaq: ACAP), a Zacks #1 Rank (Strong Buy) company, delivered earnings per share growth of about 214% over the past five years. In late July, the company posted second-quarter earnings per share of $1.19, excluding items. The result jumped ahead of the consensus estimate by 25%. ACAP stated that its business plan is working as it remains competitive in the marketplace while maintaining profitability and maximizing shareholder value.

Allis-Chalmers Energy Inc. (AMEX: ALY), another Zacks #1 Rank (Strong Buy) name, reported second-quarter earnings of 50 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 in late July. The result topped the consensus forecast by 92% and surpassed the previous year's 12 cents. The company noted that revenues and operating income Operating Income

The profit realized from a business' own operations.

Notes:
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit.
 far exceeded management estimates in the second quarter. ALY experienced earnings per share growth of 163% over the past five years.

CryptoLogic Inc. (Nasdaq: CRYP), also a Zacks #1 Rank (Strong Buy) company, recently released second-quarter earnings of 59 cents per share, improving on last year's 33 cents and exceeding analysts' expectations of 47 cents. CRYP stated that better than-expected performance was attributable to strong organic growth in online poker Online poker is the game of poker played over the Internet. It has been partly responsible for a dramatic increase in the number of poker players worldwide. In 2005, revenues from online poker were estimated at US$ 200 million per month.  software fees and a particularly strong quarter in online casino Online casinos, also known as virtual casinos or internet casinos, are online versions of traditional ("brick and mortar") casinos. Online casinos enable gamblers to play and wager on casino games through the Internet.  software fees, driven by the release of innovative new casino games and CryptoLogic's expanded high-margin slot portfolio. During the past five years, the Years, The

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

See : Time
 company's earnings per share grew 18%.

Radiant Systems Inc. (Nasdaq: RADS) released financial results for the second quarter in late July. Adjusted earnings per share of 13 cents eclipsed the consensus estimate by approximately 18% and outperformed the previous year's result. The company said it is very pleased with the reception its offerings are seeing in the marketplace, as indicated by another record revenue quarter. RADS has also seen earnings per share growth of 86% over the past five years.

Discover all the current stocks currently on the Upgrades and Revisions Profit Track at: http://at.zacks.com/?id=1869

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 Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
. 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

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=1841

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.

(a)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 and Poor's Noun 1. Standard and Poor's - a broadly based stock market index
Standard and Poor's Index
. 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 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:Aug 28, 2006
Words:860
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