Cross Country Healthcare (NASDAQ:CCRN) offers a variety of healthcare services including but not limited to nursing, physician services and education. Since 2008, the company has been struggling with a mountain of debt, but the debt has been melting like a candle. Considering how the company lost 62% of its market value in the last 5 years due to having bad financials, fixing the company's balance sheet can add a lot of upside potential for Cross Country Healthcare.
By the end of 2008, the company's debt climbed from $39.45 million to $133.08 million. During that year, the company reported a huge loss due to impairment charges (also known as writing-off goodwill). Following the bankruptcy of Lehman Brothers, there was...
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