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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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TRMA - Short half of pairs trade
Shorted this today as half of a pairs trade going long OII (which has a great Altman Z"-score). Details: http://bit.ly/7XnKJB
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Bought to cover today at $4.45, for a gain of about 16%. With a 9.5% loss on OII, the net gain on this pairs trade was 6.5%.
Looks like I covered this too soon. Check out the current prices on OII and TRMA.