PITTSBURGH--(BUSINESS WIRE)--Wizzard Software (NYSE Amex: WZE), the world’s leading podcast network, today announced that its stock was ranked on the popular financial website Seeking Alpha as a top 2012 Price to Book Value Bargain.
According to the article on Seeking Alpha, stocks that sell at the deepest discounts to accounting values of their equity have enjoyed higher returns than stocks that sell at the highest premiums to their equity values. Academic studies have shown in multiple time frames, in multiple markets, that there is a value effect. On the basis of overwhelming empirical evidence, the price to book ratio is a useful starting point for value investing.
Wizzard is in good company on the list with other top Price to Book Value stocks such as Tellabs (TLAB), Ingram Micro (IM), Del Monte Produce (FDP), Callaway Golf (ELY), Skechers USA (SKX), Winn Dixie Stores (SFE) and American Greeting Cards (AM).
Seeking Alpha has a strong readership among money managers, research analysts, investment bankers and serious individual investors. 'Alpha' is a finance term referring to a stock's performance relative to the market; it's used more loosely by fund managers to describe beating their index - so every stock picker is essentially "seeking alpha."
Seeking Alpha differs from other finance sites because it focuses on opinion and analysis rather than news, and is primarily written by investors who describe their personal approach to stock picking and portfolio management, rather than by journalists.
Joe Escalada, the author of the article, is currently a financial analyst and a lecturer at California State University, Bakersfield. Joe graduated Beta Gamma Sigma with an MBA from the University of California, Davis. Previously, he earned a Masters in chemistry from the University of California, Berkeley after graduating from the California Institute of Technology (Caltech) with honors. He is a CFA candidate and has taken and passed all three CFA examinations.
As an analyst, Joe has provided research for several different asset classes. Joe gained mutual fund and ETF research experience while working for Charles Schwab in its center for financial research. While at Charles Schwab, he researched the consequences of qualitative mutual fund attributes on performance and created ETF lists for approval on the Charles Schwab online platform. Later, Joe researched corporate credit while working for the California Public Employees Retirement System, the largest pension fund in the United States.
Seeking Alpha was named the Most Informative Website by Kiplinger's Magazine and has received Forbes' 'Best of the Web' Award.
View the entire article here: http://seekingalpha.com/article/318378-2012-s-price-to-book-bargains?source=marketwatch
About Wizzard Media:
Wizzard Media provides podcast publishers with distribution and monetization services. Our clients include Microsoft, National Geographic, Harvard Business Review, NPR and more than 10,000 others who use Wizzard Media products to measure their podcast audience, deliver popular audio and video entertainment and monetize their content through advertising and App sales and subscriptions. In 2010, the Wizzard Media Network received over 1.64 billion podcast requests from approximately 50 million people worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows Phones, Zunes, Windows Media Center, Androids and many other devices and destinations. We are part of a publicly held, Pittsburgh based company with thousands of shareholders and a world-class team. Visit us on the web at www.wizzardsoftware.com/media, email us at contact@wizzard.tv.
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