Zacks Sell List Highlights: Beacon Roofing Supply, Copano Energy, L.L.C., Jack in the Box and Theravance - Press Releases

For Immediate Release

Chicago, IL –September 9, 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): Beacon Roofing Supply, Inc. (BECN) and Copano Energy, L.L.C. (CPNO). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Jack in the Box Inc. (JACK) and Theravance, Inc. (THRX). 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 BECN and CPNO 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:

Beacon Roofing Supply, Inc. (BECN) announced a third-quarter earnings of 35 cents per share on August 5, which missed the Zacks Consensus Estimate by 11 cents. The company posted earnings per share of 38 cents in the year-ago period. Estimates fell 4 cents to 81 cents in the past month for 2010 as 2 out of the 11 covering analysts reduced forecasts.

Copano Energy, L.L.C. (CPNO) posted second-quarter loss of 7 cents per share on August 5 while analysts projected a profit of 7 cents. The Zacks Consensus Estimate for the full-year slipped 6 cents to a loss of 2 cents per share in the last 30 days as one analyst out of 5 reduced expectations. The following year’s forecast decreased 5 cents to a profit of 70 cents per share in that time span.

Here is a synopsis of why JACK and THRX 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;

Jack in the Box Inc. (JACK) reported a third-quarter profit of 4 cent per share August 4, which fell 7.6% short of the Zacks Consensus Estimate. Revenues slid 9.1% to $523.3 million. The full-year average forecast dropped 24 cents to $1.70 per share over the past couple of months. During that time, next year’s estimate declined 27 cents to $1.89 per share.

Theravance, Inc. (THRX) second-quarter loss of 28 cents per share, posted on July 22, came in 1 cent worse than the average forecast. The Zacks Consensus Estimate for the current year is pegged at a loss of $1.16 per share, which worsened 6cents in the last two months. Next year’s average forecast also widened 6cents to a loss of $1.16 in the same period.

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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BEACON ROOFING (BECN): Free Stock Analysis Report
 
COPANO EGY LLC (CPNO): Free Stock Analysis Report
 
JACK IN THE BOX (JACK): Free Stock Analysis Report
 
THERAVANCE INC (THRX): Free Stock Analysis Report
 
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