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What happened?! Verso stock tanked and is now trading at an incredibly cheap valuation. In fact, it's below half its book value! Is this the end for Verso? At these low valuations I re-evaluate my position and urge value investors to buy back into this stock. Can Verso recover a second time and what caused this drop back to such a low valuation?
This quarter was painful. Verso posted an impressive loss. While Verso anticipated it would take a loss it turned out to be even greater than the estimates. So what happened