Wednesday, August 13, 2008

SEC Naked Short List

On July 15, 2008, the Securities and Exchange Commission came out with an emergency order which said that effective July 21, no short selling may take place in any of the following stocks unless the trader "borrowed or arranged to borrow the security or otherwise has the security that is being shorted available to borrow in its inventory prior to effecting such short sale and delivers the security on settlement date". In other words, strictly enforcing the "no naked short sale" rule.

Maybe there are investment opportunities here, maybe not. Many of these stocks have negative earnings, and for several of them, the PEG ratio is not available.

Allianz SE ( AZ ) has a PEG of 2.29 .

Bank of America Corporation ( BAC ) has a PEG of 1.87 .

Barclays PLC ( BCS ) has a PEG of 0.79 .

BNP Paribas Securities Corp. ( BNPQF.PK )

Citigroup Inc. ( C )

Credit Suisse Group ( CS )

Daiwa Securities Group Inc. ( DSECY )

Deutsche Bank Group AG ( DB ) has a PEG of 5.53 .

Fannie Mae ( FNM )

Freddie Mac ( FRE )

Goldman, Sachs Group Inc ( GS ) has a PEG of 0.67 .

HSBC Holdings PLC ADS ( HBC ) has a PEG of 12.65 .

J. P. Morgan Chase & Co. ( JPM ) has a PEG of 1.96 .

Lehman Brothers Holdings Inc. ( LEH )

Merrill Lynch & Co., Inc. ( MER )

Mizuho Financial Group, Inc. ( MFG )

Morgan Stanley ( MS ) has a PEG of 0.79 .

Royal Bank ADS ( RBS )

UBS AG ( UBS )

Author owns AZ and is short C.


By Stockerblog.com

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