Zacks Return On Equity Strategy Highlights: Accenture LTD, Bunge LTD., Coca-Cola...

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Tue Jan 22, 2008 6:00am EST

Zacks Return On Equity Strategy Highlights: Accenture LTD, Bunge LTD., Coca-Cola FEMSA and Western Digital Corp.

CHICAGO--(Business Wire)--One of the quickest ways to gauge whether a company is creating
assets or gobbling up investor's cash is to look at their Return On
Equity (ROE). The fast moving ROE Profit Track screening strategy from
Zacks.com has generated an impressive return of +21.4% in 2005. In
2006, it continued to outperform the S&P 500, returning 27.0% versus
the S&P 500 rise of 16.7%. Four stocks meeting this screen's exclusive
criteria are Accenture (NYSE: ACN), Bunge Ltd. (NYSE: BG), Coca-Cola
FEMSA (NYSE: KOF) and Western Digital Corp. (NYSE: WDC). View the
entire list of stocks for the ROE Profit Track at
http://at.zacks.com/?id=1853.

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

   Accenture LTD (NYSE: ACN) is a management consulting, technology
services, and outsourcing company with a blistering ROE reading of
67.65, dwarfing the industry average of 15.21%. This Zacks Rank #1
Stock has logged a fairly respectable performance thus far in 2008,
trading within a few points of its high-water mark just above $36. The
analyst community has been very bullish on the company lately, with
eight of ten covering analysts increasing their next-year forecasts
within the last 30 days. This has pushed the next-year consensus
estimate higher by 14 cents, to its current reading of $2.63 per
share. Accenture is set to report again on Mar 25.

   Bunge Ltd. (NYSE: BG) engages in the agriculture and food
business. The company's stock price had a banner 2007, logging close
to a 100% gain. This growth in share price has certainly been fueled
by the company's knack to grow its earnings. On Oct 25, Bunge reported
an amazing quarter, with net income more than doubling and climbing to
$351 million. There is no doubt that Bunge will be using this windfall
of profits to invest in itself and grow organically, with an ROE of
14.2. The company also boasts a very impressive price/book multiple of
2.19.

   Coca-Cola FEMSA (NYSE: KOF) is the Latin American bottler of
Coca-Cola products. This company boasts some very impressive
credentials, including an ROE of 15.04, making it a great pick for
this ROE profit track. The company's revenue stream has been on a very
nice upward trend, as evidenced by its last reported quarter. Revenue
was up 6% from the same period last year. Net income increased 11.5%.
These numbers produced earnings of 93 cents, well ahead of analyst
expectations of 66 cents. This Zacks Rank #1 Stock is operating in a
Zacks Industry Rank #25 out of 217, very distinguished territory on
both accounts.

   Western Digital Corp. (NYSE: WDC) designs, develops, manufactures,
and sells hard drives worldwide. Western Digital is a Zacks Rank #1
Stock that boasts an impressive ROE reading of 28.71, easily trumping
the industry average of 12.88%. The company has no debt on its books
and a price/book multiple of 2.91, adding to an already impressive
list of credentials. Western Digital has an awesome history of
surprising and beating analyst estimates, having done so by an average
of four cents, or 9.32%.

   Discover all the current stocks currently on the ROE Profit Track
at: http://at.zacks.com/?id=1854.

   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 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 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.

   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.

   The performance of the Zacks Rank portfolios shown above for
annual and year-to-date periods are the linked monthly total returns
(price changes + dividends) of equal weighted hypothetical portfolios,
consisting of those stocks with the indicated Zacks Rank, assuming
monthly rebalancing and zero transaction costs. These are not the
returns of actual portfolios. The hypothetical portfolios were created
at the beginning of each month from Jan 1988 forward based on the
values of the Zacks Rank available to Zacks' clients before the
beginning of each month. The portfolios created monthly from 1988
through September 2006 exclude ADRS and are comprised of stocks that
have the indicated Zacks Rank and were covered by at least two
analysts at the time of the stocks inclusion in the portfolio.
Starting in October 2006 and going forward, the portfolios are
comprised of all stocks with the indicated Zacks Rank and do not
exclude ADRs, which is more reflective of the list of stocks that
customers will find on the Zacks web sites. 2007 returns are for the
period of Jan 1 - Jun 30, 2007. These performance numbers have been
audited from 1995 through 2003 by Autschuler Melovan, a division of
American Express Financial.

   The S&P 500 Index is a well-known, unmanaged index of the prices
of 500 large-company common stocks, mainly blue-chip stocks, selected
by Standard & Poor's. The S&P 500 Index assumes reinvestment of
dividends but does not reflect advisory fees. An investor cannot
invest directly in an index.

   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.

Zacks.com
Michael Vodicka
Phone: 312-265-9226
Email: pr@zacks.com
Visit: www.Zacks.com

Copyright Business Wire 2008
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