RRTS - Roadrunner Plays Too Challenging A Game
Executive Summary
Roadrunner (RRTS) had been attempting to turnaround, but ultimately failed.
Previously, I felt that management's guidance, together with a clean (post-dilution) balance sheet, Roadrunner was cheap enough to provide a compelling investment. I was wrong. Roadrunner is a stock that should be avoided at all costs.
When the facts change, I change my mind. What do you do, sir?
Still Changing Goal Posts
In my previous (free) article, I showed the following figure:
For my marketplace, I provided the following calculations:
These figures were taken straight from Roadrunner's earnings call