In a credit crisis, there is variation in how much trouble each firm is in. (alephblog.com)
The real point to examining financials is not to pick winners, it's to avoid troubled firms that are probable losers. (greenbackd.com)
(Cheffins 2010) Strikingly, however, directors of troubled firms commonly played an active role in responding to the crisis, as evidenced by their orchestration of CEO turnover at a rate far exceeding the norm in public companies. (professorbainbridge.com)