Glass Is Half-Full At Libbey

Libbey Inc. (LBY - Snapshot Report) has been showing considerable strength following its outstanding second quarter 2012 results, which included an earnings surprise of 108.5%. Shares of this glass tableware manufacturer hit a new 52-week high on September 18, shortly after announcing cost reduction measures. With attractive valuation metrics, including a price-to-sales (P/S) ratio as low as 0.4, this Zacks #1 Rank (Strong Buy) stock is a compelling value pick.