RE:NHC reported today... down 20% They didn't beat earnings, they increased revenues 35% by comparison to Q1 2015. Earnings are slightly lower to what was expected ( loss of 0.07$ vs 0.04$).
The problem is just psychological. Everybody is thinking for the short-term. The real ''bad'' news is that they weren't able to get all their AR from 2015 in time. So what, they'll get them in the coming weeks, who cares ? Those that focus on making a quick buck. When you look at why they missed, it's really nothing to worry about because everything they spent cash on will continue improving their business. When you think about investing in a company, you look at the current situation but most importantly, how the company is setting itself for the future. That's how money is made.
Same story with CXR. There is so much headlines attention and drama. I recommend that everyone here reads David Dreman's book '' The Psychological Edge.'' It may change the way you invest a good deal. With today's market volatility, keep in mind to always maintain a healthy amount of cash at hand, ready to be invested. In the long-run, patience and temperament wins, always.