Enter a stock symbol
Enter a stock symbol to view that company's Altman Z-Score if it is a manufacturing company, or its Altman Z"-Score, if it is a non-financial, non-manufacturing company, and to view message board posts for that stock (Scores are available for premium members).
Screener
Below is a list of today's twenty-five most distressed stocks (according to their Altman Z-Score or Z''-Score, respectively) with a share price of $5 or higher. For details on how this ranking list is compiled, please click here.
Stock Chart
Flash Player 9 or higher is required to view the chart
Click here to download Flash Player now
XEC - Bought at $80.84 as part of a pairs trade with MMR
Bought at $80.84 as part of a pairs trade with MMR. XEC Has an Altman Z"-Score indicating financial strength and looks stronger than MMR technically as well. Using wider, double digit stops on both sides of this trade, for reasons mentioned here ( http://shortscreen.com... ).
Submit a comment
In order to comment please sign in.
BTW, was going to widen the stops on this and pair it with a long position, but, as I mentioned here ( http://steamcatapult.c... ), I couldn't find a long I liked in this industry. So I tightened up the stop yesterday which got me out today.
Disregard that last comment, which was meant for another board.
Dave,
Can you give more detail on why you picked XEC in particular for this pairs trade? I understand why MMR was picked as a short, but XEC has had a huge run up over the last year. Is this a good time to go long? Maybe my understanding of the theory here is a little weak, but why not choose a stock that has gone up less, such as ECA?
Thanks!
Oops...I missed the last posts, but I'm not sure I follow. Are you still long XEC?
Yes, Chris, still long XEC (and still short MMR, though that's not working out too well so far). Rationale for buying XEC: solid Z"-score, solid technicals, and VectorVest rated it as the top stock in MMR's industry (I think in part because of the run-up. There's a big technical aspect to their rankings).
Got stopped out of XEC at $74.96 for a loss of 7.3%.