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Even Distressed Stocks Aren’t an Option

By SumOfSome | February 24, 2009

I have added the “Distressed Stocks” screen defined on the MSN screener to the market strategies tracked by Sum of Some. However, in our wonderful economy, even this screen fails to find any hope when run. Obviously it can locate the “distress” in many many stocks (those at or near their 52-week lows), but another criteria of the screen is to look for positive momentum, good analyst expectations, and a previous year of growth. Out of all the hundreds of companies that the screener diligently scours (I would say thousands, but a baseline market cap of > 50 million is set to restrict the set), not a single shimmer of light appears at the end of the tunnel. This has been the case for the past month, and possibly longer, though I have only recently been checking. Alas, we will continue to run the screen, and eventually, it will find hope, and we will see if this hope can make some bank.

Topics: Screen, Screen Commentary | No Comments »