Zacks Sell List Highlights: Lancaster Colony, Speedway Motorsports, Sanderson Farms and CEC Entertainment - Press Releases

For Immediate Release

Chicago, IL –August 26, 2010 – Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Lancaster Colony Corp. (LANC) and Speedway Motorsports, Inc. (TRK). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Sanderson Farms, Inc. (SAFM) and CEC Entertainment, Inc. (CEC). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=5522

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +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 LANC and TRK 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:

Lancaster Colony Corp. (LANC) posted fourth-quarter earnings of 81 cents per share on August 19, missing the Zacks Consensus Estimate of 98 cents by 17.4%. The full-year average forecast slipped 36 cents to a profit of $3.95 per share over the past week as 3 out of 4 analysts cut back on expectations. Next year’s estimate slid 49 cents to $3.92 per share in that time period.

Speedway Motorsports, Inc. (TRK) reported second-quarter earnings of 57 cents per share, on August 4. Earnings missed the Zacks Consensus Estimate by 5%. For 2010 analysts, on average, expect earnings of $1.04 per share which moved down 10 cents over the past month. During that time, the following year’s average forecast dropped 5 cents to $1.13 per share.

Here is a synopsis of why SAFM and CEC 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;

Sanderson Farms, Inc. (SAFM) announced third-quarter earnings of $1.55 per share on August 23 which came in 33 cents short of analysts’ expectations. Revenues decreased 3.1 % to $ 489.1 million from $504.8 million in the year ago quarter.The Zacks Consensus Estimate for 2010 dipped 6 cents to $ 5.43 per share in the last 7days as 5 analysts out of 10 reduced forecasts. Estimate for 2011 is $4.99 per share, which fell 41 cents in the same period.

CEC Entertainment, Inc. (CEC) reported second-quarter earnings of 35 cents per share on August 5 while analysts anticipated a profit of 45 cents. The Zacks Consensus Estimate for the full year declined 14 cents to $2.69 per share in the last month as all the 7 covering analysts slashed projections. Forecast for next year plunged 11 cents to $3 per share in that time span.

Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report; “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions” is available to provide this insightful background. Download a free copy now to prosper in the years to come at http://at.zacks.com/?id=5523

Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (+2% versus +10%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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CEC ENTERTANMNT (CEC): Free Stock Analysis Report
 
LANCASTER COLON (LANC): Free Stock Analysis Report
 
SANDERSON FARMS (SAFM): Free Stock Analysis Report
 
SPEEDWAY MOTORS (TRK): Free Stock Analysis Report
 
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