Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers, and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business. In short, don't blame the accountants if the company files for bankruptcy protection.

You¿d reckon that a going-concern statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know more than the bean counters.

During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.

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Tuesday, June 10, 2008

Zacks Releases Four Powerful ''Buy'' Stocks: Cellcom Israel, Parker Hannifin Corporation, Plains Exploration & Production Company and Gardner Denver

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CHICAGO, Jun 10, 2008 (BUSINESS WIRE) ----Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: Cellcom Israel, Ltd. (NYSE:CEL), Parker Hannifin Corporation (NYSE:PH), Plains Exploration & Production Company (NYSE:PXP) and Gardner Denver, Inc. (NYSE:GDI).

Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at http://at.zacks.com/?id=88.

Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +30%. Performance has been notable even during volatile and down times. For example, during the last bear market, 2000-2002, the market tumbled -37.6% - but Zacks #1 Rank stocks gained +43.8%.

Here is a summary of today's selected stocks that are now highly rated by Zacks:

Aggressive Growth - Cellcom Israel, Ltd. (NYSE: CEL)

Cellcom Israel, Ltd. is blazing a path to increased profitability with additional investments in its infrastructure and the acquisition of new customers. These efforts showed-up in the company's first-quarter results, with revenue up more than 10% and income up over 30%. Analysts continue to raise estimates, with the current-year estimate being upgraded in just the last 30 days.

Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309

Growth & Income - Parker Hannifin Corporation (NYSE: PH)

Parker Hannifin has increased its annual dividends for 52 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. The company's dividend yield of 1.1% is well above the industry average. Growth is also abundant. In late April, the company announced record results in several areas, which included fiscal third-quarter sales of $3.2 billion, 14.4% higher than the year-prior $2.8 billion. Wall Street forecasts are bullish. Current earnings estimates for the year ending June 2008 are at $5.51 per share, up from the two months-ago level of $5.27. The most accurate projection is even higher at $5.54 per share.

Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310

Momentum - Plains Exploration & Production Company (NYSE: PXP)

Plains Exploration & Production Company reported amazing first-quarter results on May 8 that stand out even amongst the high-growth energy sector. Both revenue and net income were up significantly, providing the company's stock price with plenty of thrust to accelerate once again. Analyst continue to revise their estimates upward, as energy prices, both crude and natural gas, continue their upward ascent.

Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311

Value - Gardner Denver, Inc. (NYSE: GDI)

Gardner Denver continues to benefit from strong overseas sales and currency exchange rates. Revenues increased 12% from 2007 in the first quarter. The company also raised guidance for the second quarter and the year. Gardner Denver has surprised on estimates three out of the last four quarters by 13.12%. The company's 2008 P/E is 14.07.

Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4312

How to Regularly Access Picks from the Zacks Rank Discovery for Free: http://at.zacks.com/?id=88

Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. in Mathematics from M.I.T. found that "earnings estimate revisions are the most powerful force impacting stock prices." Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.

Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register at http://at.zacks.com/?id=88.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms. It monitors more than 200,000 earnings estimates, looking for changes.

Then, when changes are discovered, they're applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.

More Free Stock Picks

Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription at http://at.zacks.com/?id=91

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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

SOURCE: Zacks.com

Zacks.com Aggressive Growth Stocks: Roopak Chakravarty, 312-265-9188 or Growth & Income Stocks: Alex
   Kolb, 312-265-9149 or Momentum Stocks: Michael Vodicka, 312-265-9226 or Value Stocks: Tracey Ryniec, 312-265-9232 Email: pr@zacks.com
   Visit: www.zacks.com

Copyright Business Wire 2008 **********************************************************************
   As of Friday, 06-06-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an
   UPTREND on 04-02-2008 for GDI @ $38.84. As of Friday, 06-06-2008 23:59, the latest Comtex SmarTrend Alert, an automated pattern
   recognition system, indicated an UPTREND on 04-02-2008 for PH @ $72.95. As of Friday, 06-06-2008 23:59, the latest Comtex
   SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 05-08-2008 for PXP @ $66.89. For more information
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