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Stronger balance sheets also have an effect.
A mix of a better valuation and a stronger balance sheet made Next a good pick.
Deutsche Telekom, which has a stronger balance sheet, is also swooning.
He said the company would have a leaner structure and a stronger balance sheet.
They have a stronger balance sheet, a high dividend yield, a $5 billion buyback program and $18 billion in cash.
"We've got a stronger balance sheet, and we're financially more robust than the American airlines," Mr. Tyler said.
And they often moved into the market with stronger balance sheets and the backing of hard assets, like power plants.
With stronger balance sheets and share prices, Germany's banks would be better equipped to compete with foreign rivals for deals.
Those with stronger balance sheets, such as Morgan Stanley and Goldman Sachs and JPMorgan Chase, are suffering much less.
One consolation is that, for now, American has a stronger balance sheet than many of its competitors.
The underperforming companies, on the other hand, generally have stronger balance sheets, or higher levels of cash and less debt.
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