OI OI Glass Inc

CHICAGO, Jan. 5, 2011 /PRNewswire/ -- Stocks in this week's article include: Dynex Capital, Inc. (NYSE: DX), Hi-Tech Pharmacal Co. (Nasdaq: HITK), Owens-Illinois, Inc. (NYSE: OI), Tech Data Corporation (Nasdaq: TECD) and World Acceptance Corporation (Nasdaq: WRLD). Kevin Matras shows the right way to find great growth stocks at an excellent value.

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Screen of the Week written by Kevin Matras of Zacks Investment Research:    

Looking for growth and value is a winning combination. And while there are still plenty of them around, it's getting harder to find stocks that fit squarely into both categories.

But I believe there's a right way and wrong way to find both growth and value stocks. Most will start off with either one or the other. But I do it by using a uniform ranking on both categories.

And that's the focus of this week's screen. It focuses on companies with the highest growth rates AND the lowest P/E ratios ALL AT THE SAME TIME. So with this screen, we're not starting with one and then looking for the other. The order of the parameters is irrelevant. If I switched it around, I'd get the same stocks.

That's because essentially I'm demanding that the companies have to have BOTH growth rates AND valuations in the 80th percentile, i.e., better than 80% of all the other stocks out there. And better on each category.

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