Moving Up
The Value Line Investment Survey, which analyzes 1,700 stocks, has upgraded these three to its top ranking for timeliness, based on projected performance for the next six to 12 months:
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Company Ticker Thurs. price P/E ratio* PEG ratio** Fastenal FAST $51.75 35 1.1 Nortel Networks NT 78.00 49 1.8 Zale ZLC 36.31 17 0.9
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*Price-to-earnings ratio based on trailing four quarters
**Price-to-earnings-growth ratio, or P/E divided by projected annualized profit growth for the next five years. Lower PEG numbers imply that a stock is undervalued.
Sources: Value Line, Bloomberg News
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