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Strategies & Market Trends : Value Investing

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Spekulatius
To: Harshu Vyas who wrote (73971)10/16/2023 11:48:19 AM
From: Sean Collett1 Recommendation  Read Replies (1) of 78702
 
Hey Harshu, my $0.04 (adjusted for inflation) is that any time you see the amount of SEC amendments/late submissions like CUTR that should be a major red flag. Their 2022 10-K was submitted late and then required a further delay until it was submitted In April in which it then received an amendment in May. These problems look to go back to 2018.

I am not going to dig into this further but the stock based comp jumped out at me in their cash by operating activity - has been growing a lot since 2020.

New management aside you really have no idea what you are walking into. I will also challenge that many (even a small few here) were bullish on new LUMN management and the stock is now trading at $1.32/s and is facing a massive trading lawsuit for securities fraud. Perhaps even new management doesn't know what old management left them either?

I would not call this a cigar butt at this stage.

-Sean
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