Name Brand Stocks on the Edge of Obliteration

On Friday, a client asked me to generate a list of stocks trading at "less than cash." As I went about this process and identified almost 1000, I quickly realized how many companies have been wiped out. Many of the names were already in bankruptcy, but many others seem to be headed there. I noticed how many stocks are trading below $1 in my system (StockVal), and it blew me away. I then created a list of 290 names that trade below $1 and are down over 90% in the past year. While I won’t publish all of the names, I will say that they are from all sectors of the economy. Suffice it to say, most of these companies are carrying large debt-loads.

By sector, here are some of the names you might know as a consumer or an investor: