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Strategies & Market Trends : Bankruptcy Predictor Model

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To: Oblomov who wrote (357)5/23/1999 11:31:00 PM
From: Razorbak   of 477
 
Comments - SHEL

Andrew: I calculated a Z-score = 1.49, same as yours.

Judging by the equity structure, it looks like they may have a few toxic convertibles on their balance sheet. Supposedly this is detailed in some of the other SEC filings.

Can you provide a short summary of the terms of the convertibles and a rationale as to why you think the stock may be a good short candidate (other than the low Z-score)? Any fundamental of technical analysis would be appreciated.

TIA.

Razor
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