As you know, the Godly folks from iBankcoin are launching their first ever premium service on the 79th anniversary of the great crash of ’29 (10/28). Don’t worry assholes; the site will not change one bit. I am into throwing parties, then throwing people out after they had a few drinks, as an aside.
At any rate, considering how “in flux” the financials are, I thought it would be nice to run a screen of highest debt to equity ratios—in order to get an idea who could get blown out next, as capital dries up. Also, I ran debt to equity screens on the entire market. And, finally, I screened for gold/mining stocks with the highest percentage of shares sold short. In light of today’s breakout in gold, I though it would be helpful.
For you retards who are new to investing: companies with high debt to equity ratios, in a tight credit environment, are more likely to go bankrupt than companies who actually have good balance sheets. Shocker. And, stocks with a high percentage of shares sold short tend to rally hard, into a squeeze.
Financials/ Debt:Equity
Freddie Mac (FRE: 0.27 +4.01%) 64.55
Newcastle Investment Corp. (NCT: 4.36 -12.63%) 55.33
Nelnet, Inc. (NNI: 12.86 -15.84%) 47.14
Maguire Properties, Inc. (MPG: 7.11 -12.22%) 26.74
Federal Agricultural Mortgage Corp. (AGM: 10.54 -3.66%) 23.87
Equity Lifestyle Properties, Inc. (ELS: 48.22 -3.64%) 19.55
Fannie Mae (FNM: 0.43 -10.60%) 19.39
(STU: 98.80 -6.44%) 14.03
Bank of Ireland (ADR) (IRE: 22.06 -18.36%) 12.93
Redwood Trust, Inc. (RWT: 20.51 -4.25%) 12.89
General Growth Properties, Inc (GGP: 20.37 -13.91%) 12.29
CIT Group Inc. (CIT: 7.15 -14.88%) 11.55
Penson Worldwide, Inc. (PNSN: 13.22 -7.49%) 10.32
Glimcher Realty Trust (GRT: 9.71 -6.81%) 9.54
Merrill Lynch & Co., Inc. (MER: 19.36 -12.71%) 8.48
Interactive Brokers Group, Inc. (IBKR: 19.32 -15.23%) 7.74
AmeriCredit Corp. (ACF: 9.76 -5.79%) 7.54
Allied Irish Banks, plc. (ADR) (AIB: 16.40 -20.12%) 7.47
Flagstar Bancorp, Inc. (FBC: 3.87 -1.78%) 7.46
MBIA Inc. (MBI: 9.71 -16.00%) 7.33
(ESBF: 10.27 -0.68%) 7.28
Deutsche Bank AG (USA) (DB: 70.40 -7.53%) 7.09
CBL & Associates Properties, Inc. (CBL: 21.05 -4.41%) 6.93
Resource Capital Corp. (RSO: 4.84 -15.83%) 6.89
Morgan Stanley (MS: 21.75 -24.22%) 6.8
(ALX: 369.10 -4.76%) 6.1
American Express Company (AXP: 33.04 -8.40%) 6.08
(IFC: 4.17 -1.18%) 5.99
Hudson City Bancorp, Inc. (HCBK: 18.63 -3.12%) 5.83
Goldman Sachs Group, Inc. (GS: 114.50 -13.92%) 5.65
All Industries/ Debt:Equity
Energy Transfer Equity, L.P. (ETE: 21.00 -4.59%) 592.18
Tenet Healthcare Corporation (THC: 5.84 -1.85%) 164.72
RSC Holdings Inc. (RRR: 9.05 -2.37%) 149.78
Embarq Corporation (EQ: 40.98 -4.43%) 67.08
Freddie Mac (FRE: 0.27 +4.01%) 64.55
Newcastle Investment Corp. (NCT: 4.36 -12.63%) 55.33
Nelnet, Inc. (NNI: 12.86 -15.84%) 47.14
(HTC: 20.25 -2.55%) 47.04
Alliance Imaging, Inc. (AIQ: 10.35 -6.50%) 40.81
Portugal Telecom, SGPS (ADR) (PT: 9.91 -3.03%) 35.23
(AHD: 25.48 -5.00%) 35.22
(HPGP: 20.18 +6.55%) 35
Qwest Communications International Inc. (Q: 3.35 -3.74%) 28.27
Maguire Properties, Inc. (MPG: 7.11 -12.22%) 26.74
Koppers Holdings Inc. (KOP: 40.36 -9.30%) 24.72
Federal Agricultural Mortgage Corp. (AGM: 10.54 -3.66%) 23.87
Town Sports International Holdings, Inc. (CLUB: 7.50 -14.38%) 22.36
Equity Lifestyle Properties, Inc. (ELS: 48.22 -3.64%) 19.55
(NRGP: 29.60 -0.57%) 19.53
Fannie Mae (FNM: 0.43 -10.60%) 19.39
InterContinental Hotels Group PLC (ADR) (IHG: 12.50 -4.65%) 19.13
SBA Communications Corporation (SBAC: 26.88 -6.50%) 18.88
Crown Holdings, Inc. (CCK: 21.80 -6.28%) 18.71
PDL BioPharma Inc. (PDLI: 9.82 -5.12%) 18.56
Exelixis, Inc. (EXEL: 6.20 -7.88%) 18.33
Compass Minerals International, Inc. (CMP: 55.01 -5.82%) 18.18
Herman Miller, Inc. (MLHR: 26.87 -2.75%) 16.35
Health Management Associates, Inc. (HMA: 4.38 -7.98%) 15.01
(HEP: 28.90 -10.25%) 14.96
Magellan Midstream Holdings, L.P. (MGG: 16.78 -6.26%) 14.42
(STU: 98.80 -6.44%) 14.03
NaviSite, Inc. (NAVI: 2.0175 -3.47%) 13.88
Cenveo, Inc. (CVO: 7.73 -7.09%) 13.16
Bank of Ireland (ADR) (IRE: 22.06 -18.36%) 12.93
Redwood Trust, Inc. (RWT: 20.51 -4.25%) 12.89
(CEA: 16.57 -13.79%) 12.42
Deluxe Corporation (DLX: 13.55 -6.10%) 12.29
General Growth Properties, Inc (GGP: 20.37 -13.91%) 12.29
CIT Group Inc. (CIT: 7.15 -14.88%) 11.55
CBRL Group, Inc. (CBRL: 28.12 -2.77%) 11.07
Alaska Communications Systems Group, Inc (ALSK: 11.47 +0.35%) 10.69
Cellcom Israel Ltd. (CEL: 30.24 -2.77%) 10.39
Penson Worldwide, Inc. (PNSN: 13.22 -7.49%) 10.32
(GGC: 3.16 -12.22%) 10.09
Fairpoint Communications, Inc. (FRP: 7.92 -3.41%) 9.69
Glimcher Realty Trust (GRT: 9.71 -6.81%) 9.54
Overstock.com, Inc. (OSTK: 17.14 -7.20%) 9.5
RCN Corporation (RCNI: 11.38 -5.87%) 9.15
Cedar Fair, L.P. (FUN: 22.10 -3.07%) 8.62
(DTG: 4.10 -16.33%) 8.52
Mining Stocks/ % of shares sold short
Hecla Mining Company (HL: 4.98 +9.93%) 24.5
Insteel Industries, Inc. (IIIN: 14.42 -3.55%) 22.2
Apex Silver Mines Limited (SIL: 1.19 -0.83%) 20.1
Metalico, Inc. (MEA: 5.00 -14.09%) 17.5
China Precision Steel, Inc. (CPSL: 4.40 -7.37%) 16.5
Worthington Industries, Inc. (WOR: 15.73 -9.34%) 15.8
Olympic Steel, Inc. (ZEUS: 32.01 -5.32%) 15.3
(CDE: 1.63 +13.19%) 14
(GSI: 7.34 -1.74%) 13.9
Northwest Pipe Company (NWPX: 59.60 -1.91%) 13.8
Century Aluminum Company (CENX: 37.79 -2.80%) 13.7
Gibraltar Industries, Inc. (ROCK: 21.07 -2.18%) 12.6
Haynes International, Inc. (HAYN: 53.34 -2.79%) 12.5
Schnitzer Steel Industries, Inc. (SCHN: 50.84 -8.25%) 11
AK Steel Holding Corporation (AKS: 26.94 -12.98%) 10.6
Royal Gold, Inc. (RGLD: 36.74 +10.00%) 10.2
Freeport-McMoRan Copper & Gold Inc. (FCX: 65.41 -1.27%) 10.2
Kaiser Aluminum Corp. (KALU: 47.89 -5.41%) 9.3
Quanex Building Products Corporation (NX: 16.05 -6.41%) 9.2
Universal Stainless & Alloy Products (USAP: 30.86 -2.00%) 8.3
Olin Corporation (OLN: 19.94 -8.15%) 7.2
Cleveland-Cliffs Inc (CLF: 64.75 -14.04%) 6.2
Sutor Technology Group Ltd. (SUTR: 4.28 -5.52%) 6.1
Allied Nevada Gold Corp. (ANV: 4.83 +11.29%) 5.7
Newmont Mining Corporation (NEM: 43.25 +9.36%) 3.5
Steel Dynamics, Inc. (STLD: 20.25 -7.58%) 3.5
Commercial Metals Company (CMC: 19.74 -7.93%) 3.3
Golden Star Resources Ltd. (USA) (GSS: 1.64 +38.98%) 3.1
Excellent work. The PPT rocks.
Thanks for your work.
Hmmm. I wonder how GE will fare. They are not on the list but I’ve been watching them for awhile and they seem pretty fucked up longer term, unless they sell a helluva lot of wind turbines.
nice work. thanks. What about the LOWest debt to equity ratio above 0, would that be effective for finding longs that are likely to survive the mess, or are there better indicators in hostile environments? if so, what?
Interesting how low MS and GS are… gives one the mind they are using off-balance sheet schtick here.
Sweet …. anything for top “free cash flow” stocks …. those that will eat the competitions lunch or buy them outright?
Yeah, and guess who taught Enron and all the others about off -balance sheet schtick ?
“C”
E8 — MON, JNJ.
Fly,
Masterful work of late.
They just don’t get it. Cox thinks markets are self regulating. No need to regulate the big boys.
Responsibility for this goes right to the top. He is honest and honorable man, but a moron. Yes – on your watch.
When the lead-tainted toys entered the US, There was just ONE man responsible for inspecting all imported toys for the entire US. His department had been gutted – too much government. These types of ‘thinkers’ have been appointed throughout the government for the last 8 yrs. Today we see the results.
Crazy Jimmy bowtie Rogers, suspecting this insanity, sold his home in NYC in ’05, moved his family to Singapore, has been getting out of the USD for months & had shorted all the financials months ago.
We may be witnessing the end of the reign of the USD as the reserve currency of the world.
“The historic significance of the crash of 1929 derived from the fact that it precipitated the Great Depression. It occurred during a period when economic and financial power was moving from Europe to the United States. The shift in power caused a great deal of instability in exchange rates, and the end result was that the dollar supplanted sterling as the international reserve currency; but the crash of 1929 itself played no clearly defined role in the process.” GS
I can’t find the exact number, but I believe sterling lost something like 66% of its value during this time.
“…one cannot avoid having one’s equity invested in some currency, and not making a decision about currency exposure is also a decision…” George Soros
It may be everyman for himself. Neither McCain or Obama could punch themselves out of a financial paper bag.
Good luck to us all.
We have met the enemy and they is us. Pogo
Is that via the JakeG PPT?
JNJ seems to be eveyone’s defensive play and currently hitting it’s annual peak …
MON looks like it s/b next on the Hedgie Hit List, No?
At least the Fed made a half-hearted decision to hold rates to defend the dollar against the “fresh money” to be injected shortly.
zomg karma is back, buy ftk
Great stuff, thank you so much for the list. The PPT rocks.
Have to say, the Fly is at the top of his game in the midst of the market turmoil. Impressive.
After a few drinks, I’m hard to throw out. I get the anger & power of like 300 Spartans in me.
I can only hope NNI goes under. Don’t have to pay student loans no more!!
Holy rickshaws, the Hang Seng is on fire. In the traditional “burning to the ground” sense.
Looks like more carnage about to come in europe.
Can you imagine the selling that wiil still be coming to meet margin calls?
Yet the US futures are still positive….
It bothers me that everyone thinks we are going down…. There are indicators out there that say otherwise.
good stuff, FLiBC.
It bothers me as well, but one of the few times we had two 4 percent down days in the same week was October 1987.
Maybe the selling will come in waves, No One.
The average investor who bought and held for the long term has not yet panicked.
I believe we are witnessing the beginning of massive changes in our financial system, movement of capital, combined with deleveraging and moving away from the dollar as the global defacto currency standard. JMHO.
Really fine work. The Churchill quote in the commercial was especially appreciated. Can’t wait for the premium site.
HAHAHHA, related videos: Sim Female Giving Birth Part 1
Let us not forget OE. No chart will signal what that can do…
Re: “…we are witnessing the beginning of massive changes in our financial system, movement of capital, combined with deleveraging and moving away from the dollar…”
The fact that our gov’t couldn’t get the Middle East to backstop AIG was telling, I think. China’s call to move away from the dollar, albeit in one newspaper editorial, is huge. This could happen very rapidly. Like plans for dealing with the aftermath of nuclear war, the major economic powers have probably been thinking about this for some time.
So, um, sweet dreams and stuff…
Glad to see I’m not the only one awake in the middle of the night pondering the state of the markets.
Fly in economic Armageddon = Jordan in his prime
Thanks for the floor seats.
And the money.
See y’all tomorrow.
Boca … have some milk and Oreo’s …. it’ll help you sleep.
Boca,
Take enough of them and at some point Ambien is no more than an aperitif.
But you’re up crazy late. I used to like walking on the beach late at night when I was a kid back there. But I wouldn’t recommend that now.
Considering what’s going on in the world. here’s hoping we have something better to ponder than the markets during the long dark hours.
Sleep tight.
Did I mention you guys are the best? Cheers.
We know. But it’s nice to be told.
Goodnight.
boca,
How did you get so smart, you’ve been reading lots of those books I guess.
damn, I sold GSS @ $1.22 aweek ago. I am a fuckin tard sometimes. I blame it on the 8-ball.
Can I pay for my PPT sub with my LEH shares?
if it’s the end of the US being the financial center and crap, who replaces them?
Sweedish franc?
man that’d be weird