Zacks Bull and Bear of the Day Highlights: Philippine Long Distance Telephone, Centennial...

Zacks Bull and Bear of the Day Highlights: Philippine Long Distance Telephone, Centennial Communications, Anglo-American and Eastman Chemical.

CHICAGO--(Business Wire)--Zacks Equity Research highlights Philippine Long Distance
Telephone Company (NYSE: PHI) as the Bull of the Day and Centennial
Communications Corp. (Nasdaq: CYCL) as the Bear of the Day. In
addition, Zacks Equity Research provides analysis on Anglo-American
(Nasdaq: AAUK) and Eastman Chemical (NYSE: EMN). Full analysis of all
these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all four stocks:

Bull of the Day:

Our Bull of the Day recommendation is for Philippine Long Distance
Telephone Company (NYSE: PHI). We reiterate our BUY recommendation for
Philippine Long Distance Telephone Company. The company has maintained
its position as the country's dominant telecommunications service
provider by expanding its presence in all segments of the industry.
PLDT also continues to generate substantial free cash flow.
Furthermore, vigorous subscriber gains in wireless phone and broadband
internet should sustain steady growth in the coming years.

Bear of the Day:

Our Bear of the Day recommendation is for Centennial
Communications Corp. (Nasdaq: CYCL), a regional provider of wireless
and integrated communications. Revenue performance has been
lackluster, following slow subscriber growth and lower roaming
traffic. We remain concerned with net debt of approximately $2.0
billion and limited cash liquidity, although the company redeemed
approximately $20 million of debt by November 2007. Moreover, we are
not encouraged by management's outlook for 2008. We continue to await
indications of improved operating profitability as changes in business
strategy are taking longer to push upside trends in earnings.

Analyst Blog:

We are maintaining a Hold recommendation on Anglo-American
(Nasdaq: AAUK). The company is benefiting from strong demand for
commodities around the globe and increasing production. However, risks
to global economic growth remain, and the strength of the South
African rand could have a significant impact on future earnings.
Headquartered in London, Anglo-American, Plc is a global leader in
mining and natural resource sectors. It has significant and focused
interests in gold, platinum, diamonds, coal, base metals, ferrous
metals, industrial minerals and forest products.

Eastman Chemical (NYSE: EMN) has a strong fibers business and
solid financials, plus a potential PET restructuring. However, a lack
of free cash flow, PET capacity increases coupled with slowing growth,
and PET industry overcapacity with higher raw material costs force us
to rate the stock a Hold with a target of $66. On January 10, 2008,
Eastman Chemical Company announced that its earnings per share
excluding gains and costs for fourth-quarter 2007 are likely to be
above the high end of the current range of analyst estimate, which is
$1.06 per share. Positive impact of selling prices offsetting higher
raw material and energy costs, earnings associated with a recent
licensing of acetyl technology for the production of acetic acid, and
lower general administrative expenses are expected to drive earnings.
The company's share prices are to rise more than 5% after the fourth
quarter results.

Get the full analysis of all these stocks by going to
http://at.zacks.com/?id=2649.

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks
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