As part of a great conversation in the comments over at The Sovereign Speculator, I prepared a list of short-sale candidates meeting the following criteria:
Total assets > 50 * tangible book
EBITDA(ttm) / EV yield less than 5%
Debt > 3 * market cap
Interest coverage ratio MRQ < 1.5
Here is the list, ranked from lowest interest coverage ratio to highest:
OTC:MTLQQ *this can’t be shorted
Every major airline is on the list!