I have no position in this stock currently so I am not bashing or pumping. I just do not see the issue here.
There are companies like Groupon that use very creative and questionable accounting. Like made up numbers and exotic accounting.
This case is not fake numbers but rather a timing issue. One that does not even appear sinister. I am familiar with the doctrine of Cramer. Accounting irregularities = sell. HOWEVER, this seems a massive overreaction.
Regulators became involved after the company's own inquiry into how it accounted for the payments, which some critics say were used to inflate last year's earnings by shifting costs into the current year.