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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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OSTK - Take advantage of the short squeeze
Overstock.com is one of the most well-known POS companies, and they are the loudest corporate whiners about short selling.
They are run by a truly insane CEO, plus they have a PE of 72.4, a debt/equity ratio of over 5, an Altman - Z score of -1.97, and a history of financial control problems.
Lately they've had a bit of a short squeeze rally since they've reported their first profitable quarter. However, they are far from out of the woods, and I predict this rally will be short-lived, like previous rallies.
I'm shorting Overstock.com tomorrow. And the higher it goes, the more I'll short. This is a certified POS.
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Who has been buying this -- and why?