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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.
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yum,ccsc - Long YUM, Short CCSC: Market Neutral Investing in China's Fast Food Industry
More details on this trade here: http://steamcatapult.c...
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CSCC is up 10%+ so far today, apparently on a recommendation by Robert Hsu's China Strategy newsletter overnight. Still short here.
Another big day for CSCC today. Still short.
Stopped out of CCSC at $25.38 for a loss of 11.3% on the short side today, so I sold out of YUM as well, at $48.21, for a loss of 4.8% on the long side. Total loss of 8% on this market neutral trade.