RE:NewOver reaction in my opinion, bought some shares around $13. Great value at these levels, trading a pretty much 1x current year Adj Ebitda and 1.5x earnings. Dividend being cut is good news in my opinion (I prefer they focus on paying down debt). CFO leaving is bad optics, but might not really mean all that much (I work for a successful company and senior executives leave all the time for better high paying positions...). Aside from the impairment charge, nothing really all that bad on the financials, and the impairment charge itself, as long as it is not re-occurring then its not the end of the world (and of course we wont know till next Q is out so no reason to make assumptions). At least they are managing paying off some debt and having good cash flow, which is more important I believe.
On top of that, I feel CXR had already priced in bad earnings when it dropped to $20-$21, guidance being cut was most likely priced in as people knew a weaker GBP would have an impact, since they do business in the UK (but that also makes cheaper their GBP liabilities debt).