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 Growth & Income Highlight   PRINTABLE VERSION  
Untitled Document
Zacks Rank Buys are stocks with a short-term "Buy" or "Strong Buy" recommendation. To learn more about the Zacks Rank and its ability to beat the market year after year since 1988, visit the Zacks Rank Home Page.

CELLCOM ISRAEL (CEL)
Jun 16, 2008
Cellcom Israel Ltd. (CEL) is one of the four stocks we highlight this week from the Growth and Income Strategy. This strategy looks for stocks that are paying dividend yields of greater than 8% along with other attractive fundamental attributes. Although this screen is based on a long-term and lower risk approach to investing, it has a history of outperforming the S&P 500.

Here are highlights about four companies currently on the Growth and Income Profit Track:

Cellcom Israel Ltd. (CEL), the leading Israeli cellular provider, meets the requirements for this profit track with a high dividend yield of 9.25% and a per share price of $33.31. On May 22, the Zacks #1 Rank company paid a dividend of 77 cents for the first quarter, ended on Mar 31. CEL also announced year-over-year first quarter earnings of 78 cents per share, compared to 51 cents per share. Analysts expected earnings of 56 cents.

BP Prudhoe Bay Royalty Trust (BPT) enjoys a Zacks #2 Rank and a per share price of $96.47. Moreover, BPT offers a dividend yield of 11.07%, and therefore satisfies the criteria for this profit track. On May 12, the company announced year-over-year first quarter results, including net income of $65.18 million, compared to $43.06 million. BPT is an oil and natural gas royalty trust based in New York.

Iowa Telecommunications Services Inc. (IWA) sports a dividend yield of 19.16% and declared a dividend of 40.5 cents per share, which will be payable on Jul 15 to shareholders of record on Jun 30. IWA also announced first-quarter results of 22 cents per share, which were above analysts? expectations. IWA is the largest provider of wireline local exchange telecommunications services in Iowa.

Magyar Telekom Plc. (MTA) reported that the first-quarter net income amounted to $133 million, compared to $93.3 million a year ago. MTA sports a dividend yield of 9.76% and a per share price of $24.37. On May 16, Magyar Telekom Plc paid a dividend of $2.32. In addition, MTA sports a Zacks #1 Rank and is scheduled to announce second-quarter earnings on Aug 7.

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