Q: Could you provide a quick explanation of what happened to CXR?
When I was young and foolish (still currently foolish, just a little older), I loaded up about 1/3 of my portfolio about half way down from it's peak, only to watch it pretty much lose 100% from there (always the optimist....thought it might rebound). I know (think) debt did them in, but what else happened. What were the red flags that surely the stock would've shown? What are the differences between them and other companies that take on debt?
When I was young and foolish (still currently foolish, just a little older), I loaded up about 1/3 of my portfolio about half way down from it's peak, only to watch it pretty much lose 100% from there (always the optimist....thought it might rebound). I know (think) debt did them in, but what else happened. What were the red flags that surely the stock would've shown? What are the differences between them and other companies that take on debt?