No dog in this fight (not even one with a gun at its head).
In more recent years, however, a Z-Score closer to 0 indicates a company may be in financial trouble. In a lecture given in 2019 titled “50 Years of the Altman Score,” Professor Altman himself noted that recent data has shown that 0—not 1.8—is the figure at which investors should worry about a company’s financial strength.4 The two-hour lecture is available to view for free on YouTube.
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