Pack your bags. Time to sell that Porsche. Who's gonna need analysts? One of the most widely-used and well-recognized measures of corporate credit risk is the Altman Z-Score, named after legendary NYU Stern Professor Edward Altman.
Specifically, the Altman Z-Score is used to predict the odds of bankruptcy.
According to The Financial Professional's Post, Professor Altman and Business Compass LLC teamed up to develop a smartphone app so that credit analysts can carry the power of the Altman Z-Score in the palm of their hands….
Read more: http://www.businessinsider.com/wall-streets-hottest-smartphone-app-can-sniff-out-corporate-bankruptcies-before-they-happen-2012-1#ixzz1jz8dVkGd
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