DISTRESSED DAILY: BCG Sees Significant Public Company Stress

Bored because there are hardly any distressed assets left to invest in? Well, Boston Consulting Group still sees plenty of trouble in media, fashion and oil.

A little more than one in five North American public companies were not “financially or operationally stable” at the end of the first quarter, according to a BCG report published Wednesday. Despite the economic recovery currently underway, certain industries are still struggling, the company said.

“A great number of public companies, concentrated in a handful of industries, remain under real stress,” BCG partner Luke Pototschnik said in the report. “For many of them, the ...