Bad enough that they add back a huge amount of stock comp. However, they don't bother to tax-effect it, and in fact show a negative tax rate. At a reasonable tax rate, they merely met estimates. Revenue is dropping, cash flow is cratering, what's to like? And don't forget the huge lawsuit liability. Fair value $8.
If its added back then there is no tax on it. It doesn't reflect normalized earnings so taken out. Same for the rest of the industry in terms of how they report. The market likes the results. You are in the minority. If you think you got an edge then act with conviction. Otherwise, #$%$!