RE:RE:RE:Long term, this price is a giftgraffiti99 wrote:
Another concern is the reporting. A roll up can be hard to follow accounting wise. The story about reporting 100% of revenues when they only have 51% stake is a little questionable in my view. Unethical Managements muddy up the accounting statement waters by hiding behind accounting standards, or pointing to alternative reporting conventions, use way too many footnotes, etc, etc, blah, blah, blah. Good businesses dont need accounting tricks and good managements steer clear of being perceived as using these tricks, let alone actually use them. At a certain point if its too hard to figure out the numbers its sometimes because a less than ethical management is making it hard to figure out. I would walk away if basic rules are broken in this regard.
this has been discussed in conference calls quite a bit, so i'm not sure why the online community is latching onto this idea that the accounting is suspect/fraudulent. you can read through the transcripts here:
https://investors.crhsystem.com/transcripts/ from what i gather the investment bank analysts just don't like it because it makes it hard to track and model the performance of each individual ASC from what i understand.
this company is still in major growth mode so there is bound to be some noise in the financials.