ALTERRA CAP HLD (ALTE) - Profit Tracks
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to
Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to
tout stocks during the market declines of the last few years, Zacks told investors which
stocks to sell or avoid.
Here is a synopsis of why STFC and ALTE have a Zacks Rank of #5 (Strong Sell) and should
most likely be sold or avoided for the next one to three months. Note that a #5 Strong
Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:
State Auto Financial (
t=STFC>STFC
lagged analysts? expectations by nearly 110%. Moreover the diluted net income also fell
by 100% to $0.00 on a year over year basis. For 2010, the Zacks Consensus Estimate stands
at a loss of 6 cents per share that dropped 3cents over the past week as 1 out of the 5
covering analyst slashed projections. Next year?s estimate moved down 7 cents to $1.05
per share in the same period.
Alterra Capital Holdings Ltd.? (
HREF=http://www.zacks.com/stock/quote/ALTE>ALTE
64 cents per share, reported on November 2, not only missed analysts? projections by
nearly 10% but also decreased 57% on a year-over-year basis. The Zacks Consensus Estimate
for the full year slipped a penny to $2.61 per share in the last 7 days as 2 out of the
10 covering analysts cut forecasts. The following year?s estimate fell 26 cents to $2.50
during a span of 60 days.
Here is a synopsis of why DRC and WNC have a Zacks Rank of 4 (Sell) and should also
most likely be sold or avoided for the next one to three months. Note that a #4 Sell
rating is applied to 15% of all the stocks ranked by Zacks;
Dresser-Rand Group Inc. (
t=DRC>DRC
compared with analysts? expectations for a profit of 47 cents. Quarterly revenues slumped
to $483.1 million from prior year?s $612.1 Million. The Zacks Consensus Estimate for the
current year decreased 13 cents to a profit of $1.86 per share in the last couple of
month as the covering analysts revised downward.
Wabash National Corporation (
t=WNC>WNC
which came in 50% short of the average forecast. The Zacks Consensus Estimate for 2010
declined 2 cents to a loss of 51cents per share over the past month. Estimate for 2011
dipped 3 cents to 39 cents per share in a span of 60 days.
ALTERRA CAP HLD (ALTE): Free Stock Analysis Report
DRESSER-RAND GP (DRC): Free Stock Analysis Report
STATE AUTO FINL (STFC): Free Stock Analysis Report
WABASH NATIONAL (WNC): Free Stock Analysis Report
Zacks Investment Research









