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
onp - Chinese fraud alert
Kudos to the new blogger Chinese Company Analyst ( http://chinesecompanya... ) for his investigative work on US-listed Chinese companies. He takes the original tactic of comparing a US-listed chinese comany's SEC filings with the SAIC filings these companies have to file in China (he has to hire a 3rd party to look them up, as they are not accessible to the US public) and sounds the alarm (as well as shorts the offenders) when he finds discrepencies.
CCA comes to the conclusion that a very high % of US-listed Chinese companies are frauds. I agree. It is not just a few bad apples. CCA owns the shares of a few US-listed Chinese that "check out". I would not advise doing this, since when this systemic fraud snowballs to reach the headlines, the whole US-listed China sector will get hit. But the companies he likes may be worth putting on a buy list for when that does happen and blood flows in the streets. In the meantime, it may be worth piggybacking some of his shorts.
Submit a comment
In order to comment please sign in.
Great find with this CCA fellow, H.
Ya I liked that article too.
The other thought I have with China companies in general is that with all the PIPEs they do with investor money, they're putting a lot of worldwide investor money to work in accelerating China's wealth and infrastructure, etc. That may leave the US in the dust sooner than later. And put China and its govt in a better driver's seat position globally as time goes on. Hopefully the Chinese people in general are able to benefit significantly, but based on the practices companies use over there with their workers I highly doubt it is anything more than major wealth concentration among the elite.