I completely agree. I mean they blew it away, and the stock still is selling for a 4 PE going forward ? I mentioned convertible arbitrage, and maybe this is why.. I mean the short interest is a lot higher since the convertible was issued. Either way though, the stock looks dirt cheap, especially after today's report
CRMD +.90 to 12.09 in pre-market. The Q3 results beat the preliminary results that they reported on 10/20. Revenue of $130.8M versus preliminary $125M+ and Adj EBITDA of $71.9M versus preliminary $70M+.
Let's see if the stock can hold onto its gains this time .... on 10/20 it spiked up 23% to $12.51, but by 11/7 had fallen back down to $10.51. Ouch !