RE:Very tempted, looks cheapWhen a company has an $11 per share gaap loss as Cxr did last quarter, but they feed the market an "adjusted" number of over $1 its a huge red flag. This is part of the reason the stock went from well over $20 to $8 before it even had a deadcat bounce, burning every TA trader from $16 down. Technical target is $1-3 and its heading there faster than i could have ever hoped for.
Adjusted wrote: I am been following this stock to see if there is a bottom. My biggest issue is the "adjusted" values on the financials. Can any finance experts comment on this? I have never seen anything like this. I don't want to buy because this stock has been cheap at the way to here. It never stops being cheaper.