Just saw this on my Scottrade news feed. Posted yesterday...
Relatively High Forward Earnings Yield Detected in Shares of Telestone Technologies in the Communications Equipment Industry (TSTC, COGO, HRS, RIMM, BBOX) 1 days 4 hours 54 minutes ago - Comtex SmarTrend(R) via Comtex
Comtex SmarTrend(R)Below are the highest five companies in the Communications Equipment industry based on estimated Forward Earnings Yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Telestone Technologies (NASDAQ:TSTC) has the highest Forward Earnings Yield of 32.2%; Cogo Group (NASDAQ:COGO) is next with a Forward Earnings Yield of 11.0%; and Harris (NYSE:HRS) has the next highest with a Forward Earnings Yield of 10.6%.
Research In Motion (NASDAQ:RIMM) follows with a Forward Earnings Yield of 9.5% and Black Box (NASDAQ:BBOX) rounds out the group with a Forward Earnings Yield of 9.2%.
SmarTrend currently has shares of Telestone Technologies in an Downtrend and issued the Downtrend alert on November 30, 2010 at $11.03. The stock has fallen 23.4% since the Downtrend alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
