LYV - Low-Quality Is Driving Markets Higher
If you've been a long-time reader of my work here on Seeking Alpha, you know I have an affliction for quantitative scores. I like the idea of breaking things down and slapping a grade upon them to compare across the equities landscape. One particular score has caught my attention in the last week, and I wanted to discuss it today, the Ohlson O-Score.
The Ohlson O-Score is a measure for predicting bankruptcy in publicly traded firms. During "normal" times, the likes of which we've been absent from over the last 3-4 months, the O-Score is