Bloomberg reports that a handful of hedge fund managers that have had positive returns every year since 2007 -- i.e., they made money during the crash in 2008 and also made money during the big recovery rally -- have turned bearish, based mainly on macro weakness in the U.S. and Europe: ( http://www.bloomberg.c... ).

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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.