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Bad Credit? No Problem.

Share prices of companies with the weakest balance sheets have increased 94 percent in just over two years; junk bond issuers rising faster than the overall market.

By Joseph Ciolli, Bloomberg | Updated on May 27, 2014

In the U.S. equity market, the worse a company’s finances, the better it’s doing.

Stocks with the weakest balance sheets have climbed more than 8 percent in 2014 and 94 percent since the end of 2011, generating almost twice the gain in the Standard & Poor’s 500 Index over that period, according to data compiled by Bloomberg and Goldman Sachs Group Inc. Shares in the category this year are beating those that most investors consider the bull market’s leaders, such as small caps and biotechnology, which tumbled in March.

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