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USG - 31% of Home Sales in Q1 were Foreclosures

06/30/2010 12:56 PM by Dave Pinsen

Which highlights how bad the current real estate bust is ( http://www.foxbusiness... ). In addition to that macro headwind, sheet rock company USG sports an Altman Z-Score that predicts bankruptcy. If that prediction is correct, it won't be USG's first trip to bankruptcy ( https://www.chicagobus... ).

I shorted this earlier this year and got stopped out for a single digit loss ( http://shortscreen.com... ). Today I bought a few puts on it, the Jan (II) $12.50s at $2.45.

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