The list was scary to say the least. You need heart of steel to invest your hard owned money into such stocks. I have a gut feel that US may not be place for this investment idea unless you are in 2008-09 kind situation. I guess emerging markets that tend to be some what less efficient...and in even those...small cap universe may be target for this investment idea. But then liquidity can be huge issue. If it can be an issue in US then imagine in country like India what would be the problems. This strategy seems to be good for individual investors who want to keep aside part of their assets to generate alpha using this strategy.