|US Concrete (USCR) out of bankruptcy and now all roses??|
It appears debt went up twice their "positive" earnings in the headlines.
And how do you explain this:
During the second quarter of 2013, the Company recorded a $1.9 million non-cash loss related to derivatives. This non-cash loss was comprised of $0.4 million from fair value changes in the embedded derivative related to the Company's Convertible Notes and $1.5 million from fair value changes in the Company's warrants. This is compared to a non-cash loss of $0.6 million during the second quarter of 2012, also from such fair value changes. These changes were due primarily to the increase in the price of the Company's common stock during the second quarters of 2013 and 2012.
My bolding and italics in final sentence of quote.