This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

15 Gritty Survivors Worth a Gamble

Aron Ralston surely must be the symbol of our times. He's the ultimate survivor, a self-sufficient, super-rational adventurer prepared to adapt to any outrageous turn of fortune.

You've probably heard of this remarkable mountaineer by now. He's the Aspen, Colo., hiker who amputated his own right arm with a pocket knife after it was trapped by an 800-pound boulder during a solo canyoneering expedition in a remote Utah desert.

Pinned for five days and out of both water and ideas on how to lever himself out of the mess, the onetime Intel engineer fashioned a tourniquet with one hand, sawed through the limb without anesthetic, then rappelled down a cliff and hiked seven miles out of the ravine through a river before finding help. A few months before, he'd barely survived an avalanche while backcountry skiing.

Profiles in Courage

What could be more emblematic of the path taken by public companies in the past few years -- and particularly the smaller ones with fewer resources?

They've been harassed by a recession, a terror attack, a three-year bear market, two wars, angry regulators, crusading politicians and bitter shareholders. If they've come this far with their exchange listings intact and no executives under indictment, they must be tough as nails.

They've cut nonproductive assets, found ways to grow without adding more financial leverage, cleaned up their balance sheets, hired more reputable financial officers, improved their boards of directors, repaired relationships with lenders and changed their business plans.

At this point, they might not be worthy of an investment by a trust fund for orphans. But they may be worth a second look by speculators with an appreciation for the indomitable capitalist spirit -- so long as those willing to risk it keep one eye on the exit, in case these companies have only hidden their faults better than peers.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs