Littlefish, Adjusted numbers are fine if you add back your standard sbc or amortization which is and absurd expense, but will not get into that again. The problem I have is sometimes companies play funny games with the tax rates on adjusted, PCMI in fairness doesn't do that. And it is okay if startup expenses or restructuring expenses start up for a quarter, but when they keep filtering in the adjusted numbers quarter after quarter you have to wonder if those are real expenses that should be exed out of the adjusted number because they keep reoccuring rather than a one time expense. All is just my opinion, and I could always be wrong though.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.