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Zacks PEG Ratio Strategy Highlights: American Equity Investment Life Holding, Double Eagle Petroleum, Safe Bulkers and VASCO Data Security International.

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. Find out which companies offer the greatest value regardless of growth rate to enjoy stellar returns. Four stocks meeting this screen's exclusive criteria are: American Equity Investment Life Holding Co. (NYSE: AEL), Double Eagle Petroleum Co. (NSDAQ: DBLE), Safe Bulkers, Inc. (NYSE: SB) and VASCO Data Security International Inc. (NSDAQ: VDSI). View the entire list of stocks for the PEG Ratio Profit Track at

Here are details about four companies currently identified by the PEG Ratio Profit Track:

American Equity Investment Life Holding Co. (NYSE: AEL) is a Zacks #1 Rank that earned it's place on the PEG Ratio profit track with an average broker recommendation of 2.40 and a PEG ratio .41. AEL reported year-over-year third quarter earnings of 42 cents per share, compared to 28 cents. Analysts were expecting the company to report 34 cents per share. AEL is a full service underwriter of a broad line of annuity and insurance products.

Double Eagle Petroleum Co. (NSDAQ: DBLE) reported third-quarter earnings per share of 22 cents, marking a 10% surprise. A year earlier, the company had a loss of 40 cents. DBLE places on the PEG ratio profit track with a Zacks #2 Rank and an average broker recommendation of 2. DBLE explores for, develops, produces and sells crude oil and natural gas.

Safe Bulkers, Inc. (NYSE: SB), an international provider of marine drybulk transportation services, has an average broker recommendation of 1.67 and a PEG ratio of .39. In the third quarter, SB delivered a 7.46% surprise with net earnings of 72 cents per share. In addition, the company is currently enjoying a Zacks #2 Rank and a per share price of $5.26.

VASCO Data Security International Inc. (NSDAQ: VDSI) enjoys a Zacks #1 Rank and a PEG ratio of .53, making this undervalued stock a great pick for the PEG ratio profit track. In the third quarter, VDSI reported earnings of 24 cents per share, compared to only 15 cents in the previous year. Analysts were expecting 16 cents. In addition to that, the company sports an average broker recommendation of 2.43 and a 12-month trailing PE of 14.09. VDSI develops security products and services, which manage and secure access to computer systems of corporate and government customers.

Discover all the current stocks currently on the PEG Ratio Profit Track at:

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 we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to

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

About Zacks 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

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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.
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Publication:Business Wire
Date:Dec 16, 2008
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