HealthSouth (HLSH)

Edit: 2 large prints on the tape 7.9 million shares and another 3.51 million. Assuming $4.70/shr that's $53.6 million notional value. Big money!

That's right, a blast from past, this stock has probably burned investors out of millions and perhaps even billions due to accounting shennanigans. Check out this recent chart:




See all that buying? What caught my eye is all the block trading in this stock, I would estimate that 60-70% of the daily volume is in blocks. Even though this is a little 4 dollar number, the presence of so many blocks leads me to believe there's institutional interest in this name.

This currently trades OTC, but the company has plans to relist on the NYSE in October, I could imagine a nice quick scalp when it does. In addition, there will be a 1:5 reverse split to artificually boost the price. The company is in turn around mode and selling off the diagnostics business to focus on rehab centers and elderly care. They have hired Goldman Sachs to tackle the leveraged debt on their balance sheet.