Zacks Investment Research, Chicago, has put American Home Mortgage Investment Corp., a lender based in Melville, N.Y., on its High Rank Value Profit Track list.The company said value investors look for stocks that trade at a price-to-earnings multiple below 15 and a price-to-book multiple below 3. The list is created from stocks that meet those criteria and are ranked by Zacks as either "#1 Strong Buy" or "#2 Buy." American Home had a P/E multiple of 5.21 and a P/B multiple of 1.19 as of the morning of March 8. Zacks noted that American Home's fourth-quarter earnings amounted to $1.21 per share, well above the fourth-quarter 2005 EPS of $0.27, beating the consensus estimate by nearly 2%.
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