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Zacks.com Announces That Kelley Wright Highlights the Following Stocks: Mercury General Corporation and Superior Industries.


CHICAGO -- Kelley Wright believes that we've seen the highs of the year, but not necessarily the lows. Read this expert's investment outlook and learn about Mercury General Corporation (NYSE NYSE

See: New York Stock Exchange
:MCY MCY Sunshine Coast, Queensland, Australia - Maroochydore (Airport Code)
MCY Machine Cycle
) and Superior Industries (NYSE:SUP). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the November 1 Featured Expert column by Kelley Wright includes:

A sharp reversal last week repaired sufficient damage to the tape to rekindle re·kin·dle  
tr.v. re·kin·dled, re·kin·dling, re·kin·dles
1. To relight (a fire).

2. To revive or renew: rekindled an old interest in the sciences.
 the hopes for some that the markets will put on a traditional year-end sprint and a Santa Claus rally Santa Claus Rally

A jump in the price of stocks that often occurs the week between Christmas and New Year's. There are numerous explanations for this phenomenon, including tax considerations, happiness around Wall Street, and the fact that the pessimists are usually on vacation
. Kelley Wright personally thinks this is false bravado bra·va·do  
n. pl. bra·va·dos or bra·va·does
1.
a. Defiant or swaggering behavior: strove to prevent our courage from turning into bravado.

b.
 whistling past the graveyard. Crude oil falling below $50 is welcome news but it doesn't cure the structural problems of debt, deficits and the dollar. He still believes we've seen the high for the year but not necessarily the lows. We may get a relief rally post election but that would be emotional and not based on fundamentals.

Mercury General Corporation (NYSE:MCY): A recent price pullback seems to have been precipitated by hurricane losses announced by MCY in Florida. Compounding the problem were fears that MCY would be hit by the same scandals that rocked AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group
 and Marsh & McClennan. Because MCY itself provides its insurance policies, the company should not be affected whatsoever. As such, at current levels the company offers exceptional value. With very low downside risk Downside Risk

An estimation of a security's potential to suffer a decline in price if the market conditions turn bad.

Notes:
You can think of this as an estimate of the amount that you could lose on a stock or other investment.
, investors will also find an excellent track record of dividend increase and solid financials.

Superior Industries (NYSE:SUP): Order slowdowns and fears about the outlook for the auto industry have devastated dev·as·tate  
tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates
1. To lay waste; destroy.

2. To overwhelm; confound; stun: was devastated by the rude remark.
 shares. Though earnings for the last quarter were halved halve  
tr.v. halved, halv·ing, halves
1. To divide (something) into two equal portions or parts.

2. To lessen or reduce by half: halved the recipe to serve two.

3.
, the company maintains a very low dividend payout ratio Dividend Payout Ratio

The percentage of earnings paid to shareholders in dividends.

Calculated as:
 and barring any additional unforeseen developments should easily be able maintain its current level of annual dividend. Superior also maintains very low debt levels, which should further help to insulate against any negative developments. Based on recent declines and announcements, it appears that investor sentiment may make SUP's share recovery a slow one, Wright and his team nonetheless continue to see value in its 2.3% yield and stable financial situation.

Read Kelley Wright's complete investment outlook, along with more information on the stocks above, by clicking: http://at.zacks.com/?id=85

About Zacks Featured Experts

Successful investing requires professional advice from knowledgeable experts who can help investors achieve their financial goals in good markets and improve their portfolios, especially in bad ones. That is why Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
 has assembled the best investment experts in the business to offer their powerful advisory newsletters on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc.

Additional recommendations from Zacks.com Featured Experts are highlighted in the free investment newsletter, Profit from the Pros. Each issue highlights several Featured Experts in this free e-mail See Internet e-mail service.  newsletter. Register for a free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86

About Zacks

Zacks.com is a property of Zacks Investment Research, 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 now for a free subscription to the Profit from the Pros newsletter at http://at.zacks.com/?id=87

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.

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 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 4, 2004
Words:675
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